eBay to Lay Off 1,000 Workers

EBay to Lay Off , 1,000 Workers.

In a blog post on Jan.

23, eBay CEO Jamie Iannone announced that the online retailer would be cutting about 9% of its workforce, NPR reports.

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Iannone said that eBay's staff and expenses "have outpaced the growth of our business.".

EBay is also terminating relationships with several outside contractors, NPR reports.

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Both decisions are intended to help the company remain "nimble" as it faces a "challenging" economy.

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Those who are laid off will be notified in a Zoom meeting.

Iannone asked U.S. employees to work from home on Jan.

24 to "provide some space and privacy for these conversations.".

EBay, a $21 billion company that was founded in 1995, .

Has been affected by Amazon and other e-commerce platforms. The company also let go of 500 workers in February of last year as it attempts to regain its footing following the end of the pandemic boom.