eBay Layoffs: Online Marketplace To Cut 1,000 Jobs Even As CEO Says 'Our Strategy Is Working' (File Image-AP)
\n\nOnline marketplace eBay plans to cut around 1,000 jobs as per a Reuters report. This is approximately 9 percent of eBay's workforce. In an internal memo reviewed by Reuters, eBay CEO Jamie Iannone informed employees about the planned workforce reduction. In the memo cited by Reuters, Iannone said, "Our strategy is working," adding that "continuing to capture the significant opportunity ahead requires us to make thoughtful choices about where we focus and invest."
\n\nThe latest job cuts follow another round of layoffs in February, when eBay reportedly eliminated about 800 positions, representing approximately 6 percent of its workforce. According to the report, the restructuring comes as the company focuses on categories including authenticated luxury goods, collectibles and refurbished products.
\n\nAccording to Reuters, an eBay spokesperson confirmed the planned layoffs. CEO Jamie Iannone said affected employees will be informed in the coming days. The report added that the company had approximately 12,300 employees at the end of last year, before the two rounds of workforce reductions.
\n\nIndustry experts believe workforce reductions could help eBay manage operating costs and free up resources for strategic…
Original source: https://www.timesnownews.com/business-economy
