eBay to cut 9% of its staff, its second round of layoffs this year
eBay CEO Jamie Iannone announced workforce reductions of about 1,000 employees, representing roughly 9% of staff. This marks the company's second major layoff in 2024, following 800 job cuts in February. Management cited a strategic shift toward the company's fastest-growing segments as the rationale. eBay's earnings report is scheduled for October 28.
Key points
- eBay cutting ~9% of workforce (1,000 jobs)
- Second layoff round in 2024 after 800 February cuts
- Company focusing on fastest-growing business areas
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