EBay announced plans to reduce its workforce by 9%, affecting approximately 1,000 employees, as part of an effort to streamline operations and focus resources on its top priorities. The company stated it will continue hiring in select areas aligned with its strategic goals.
The layoffs reflect broader trends among tech companies adjusting to shifting market conditions and evolving business strategies. eBay did not specify which departments would be most impacted.
Despite the cuts, eBay emphasized its commitment to investing in key strategic areas moving forward.
The move adds to a wave of recent layoffs across the tech sector as companies aim to optimize costs.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing