Online retailer eBay to lay off 1,000 workers, firm says in letter to employees

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 ...