eBay to cut a thousand jobs as expenses rise

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 ...