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.
More Stories
Microsoft unveils chip it says could bring quantum computing within years
Virologist Wendy Barclay: ‘Wild avian viruses are mixing up their genetics all the time. It’s like viral sex on steroids’
Revealed: the scammers who conned savers out of $35m using fake celebrity ads