EBay will lay off about 1,000 full-time employees, or roughly 9% of its overall workforce, as it looks to reverse a major slump at the once-booming online marketplace, the company said.The San Jose, Calif.-based auction site asked its remaining employees to work from home on Wednesday “to provide some space and privacy” as it began informing impacted workers via Zoom. In addition to the layoffs, eBay said it will “scale back” its use of contractors in support roles in the months ahead. Iannone cited “exter ...

Layoffs are coming for eBay (NASDAQ:EBAY) employees as the e-commerce company seeks to better organize its business for long-term success.A note from eBay reveals that 1,000 of its employees are included in this newest batch of layoffs. That covers roughly 9% of the company’s total workforce.To go along with this, eBay has revealed plans to scale back the number of contracts with alternate workers in the coming months. This comes as eBay’s headcount and spending has outpaced the growth of its business.What’ ...

Online marketplace company eBay says it will lay off 9% of its workforce, citing a difficult macroeconomic environment.Those job cuts will affect about 1,000 full-time employees of the eCommerce platform, CEO Jamie Iannone said in a message posted on the company’s website Tuesday (Jan. 23).“Our overall head count and expenses have outpaced the growth of our business,” said Iannone. “We need to better organize our teams for speed — allowing us to be more nimble, bring like-work together, and help us make dec ...

Key TakeawayseBay shares traded higher after the e-commerce retailer said it plans to cut 1,000 jobs, or roughly 9% of its workforce.CEO Jamie Iannone told employees in a letter that the company's headcount had outpaced the growth of the business.eBay's stock price has traded within a descending channel since early June, with the pattern's upper and lower trendlines marking key support and resistance areas. eBay Inc. Source: TradingView.comShares of online marketplace platform eBay (EBAY) gained nearly 3 ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: In this Feb. 24, 2010 file photo, an eBay logo is seen at their offices in San Jose, Calif. Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce, saying its number of employees and costs have exceeded how much the business is growing in a slowing economy. It marks the latest layoffs ...

eBay Inc (NASDAQ:EBAY, ETR:EBA) will cut around 1,000 of its jobs, constituting about 9% of its workforce. "While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business," Jamie Iannone, CEO at the reselling site, said in a letter to employees. "To address this, we're implementing organizational changes that align and consolidate certain teams to improve the end-to-end experience, and better meet the needs of our customers around the world.” O ...

eBay will begin reducing its workforce by approximately 9% – about 1,000 full-time roles – in efforts to "better position eBay for long-term, sustainable growth," the company announced Tuesday. In a news release, which was also sent to employees, eBay president and CEO Jamie Iannone said the "fundamental changes" put into place over the past three years have "accelerated the pace of innovation" and resulted in increased customer satisfaction and improved market growth, but "there is more" the company can do ...

The online retailer eBay Inc will cut about 1,000 roles, or an estimated 9% of its current workforce, the company said on Tuesday.“While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business,” the eBay CEO, Jamie Iannone, said in a letter shared with employees.“To address this, we’re implementing organizational changes that align and consolidate certain teams to improve the end-to-end experience, and better meet the needs of our customers ar ...

EBay Inc. said late Tuesday it will cut about 1,000 jobs, or 9% of its full-time workforce, in order to better position the company for future sustainable growth. “Our overall headcount and expenses have outpaced the growth of our business,” Chief Executive Jamie Iannone said in a letter to employees that eBay posted on its website. “To address this, we’re implementing organizational changes that align and consolidate certain teams to improve the end-to-end experience, and better meet the needs of our cu ...

 eBay said Tuesday that it plans to lay off 9% of the company's workforce, equating to 1,000 full-time employeesJamie Iannone, the president and CEO of eBay, detailed the layoffs on Tuesday in a letter to employees that was published on a corporate blog, adding that the ecommerce firm will also "scale back the number of contracts we have within our alternate workforce over the coming months."This is breaking news. Please check back for updates. ...