eBay Stock Surges After Saying It Will Cut 9% of Its Workforce—Monitor These Key Levels

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 ...