Ebay Cuts 9% of Staff Amid Rising Competition

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 ...