Home » Business News • US Employment News » eBay to cut 1,000 full-time employees
https://www.whatjobs.com/news/usa/us-employment-news/ebay-to-cut-1000-full-time-employees
eBay has announced 1,000 job cuts, around nine percent of its full-time staff.
The firm also plans to scale back its contracts with its "alternate workforce" in the coming months.
CEO Jamie Iannone cited the “challenging macroeconomic environment” as an external pressure.
But he also said there are factors within the company's control.
He said: “While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business.
“To address this, we’re implementing organizational changes that align and consolidate certain teams to improve the end-to-end experience, and better meet the needs of our customers around the world.”
The move reflects efforts to address the company's growing expenses compared to business growth.
Iannone encouraged US employees to work from home on January 24th, “to provide space and privacy for these conversations.”
He said staff would be notified if they were terminated by their leader over Zoom.
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Iannone said: “We’re committed to treating everyone with respect and empathy through this transition and providing impacted employees with support and resources.”
This month, Google CEO Sundar Pichai warned employees about layoffs in the upcoming months as the company shifts towards artificial intelligence.
Duolingo reduced its contract workforce by approximately 10 percent as it relies on artificial intelligence for lesson creation.
Additionally, Amazon slashed hundreds of roles, including those at the streaming platform Twitch.
According to layoffs.fyi, the tech sector shed nearly 11,000 employees across 63 companies in 2024.
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