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Online retailer eBay to lay off 1,000 workers, firm says in letter to employees

Announcement by CEO Jamie Iannone follows wave of cuts in US tech after heavy hiring during pandemic

The online retailer eBay Inc will cut about 1,000 roles, or an estimated 9% of its current workforce, the company said on Tuesday.

“While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business,” the eBay CEO, Jamie Iannone, said in a letter shared with employees.

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