Online marketplace eBay Inc. plans to cut about 4% of its staff in the latest bout of layoffs for the e-commerce sector.
Chief Executive Jamie Iannone announced the layoffs, which will impact about 500 eBay EBAY employees, in a Tuesday note to staff that was also filed with the Securities and Exchange Commission after the closing bell.Chief Executive Jamie Iannone announced the layoffs, which will impact about 500 eBay EBAY employees, in a Tuesday note to staff that was also filed with the Securities and Exchange Commission after the closing bell.
“Importantly, this shift gives us additional space to invest and create new roles in high-potential areas — new technologies, customer innovations and key markets — and to continue to adapt and flex with the changing macro, e-commerce and technology landscape,” he said in the note. “We’re also simplifying our structure to make decisions more effectively and with more speed.”
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