EBay to Lay Off 9 Percent of Workforce
EBay plans to eliminate around 1100 jobs as part of a restructuring plan to streamline operations and focus on growth areas. CEO Jamie Iannone announced the workforce reduction in an internal memo on Tuesday.
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EBAY INC will cut 1,100 jobs, reducing its workforce by 9% in an operational overhaul led by CEO Jamie Iannone. The restructuring follows an earlier 6% reduction in February that eliminated 800 positions. EBay aims to reallocate resources toward fast-growing sectors like authenticated luxury and refurbished goods.
