Ebay to Lay off 500 Employees

Reuters2023-02-08

Feb 7 (Reuters) - E-commerce firm eBay Inc said on Tuesday it will lay off 500 employees globally, representing 4% of its total workforce.

Shares of the San Jose, California-based company rose about 1% in aftermarket trade.

"This shift gives us additional space to invest and create new roles in high-potential areas - new technologies, customer innovations and key markets," said Jamie Iannone, Chief Executive Officer of Ebay in a message to employees.

A raft of U.S. companies from Goldman Sachs Group Inc to Alphabet Inc have laid off thousands this year to ride out a demand downturn wrought by high inflation and rising interest rates.

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Comments

mac0racle
2023-02-08
mac0racle
Ok
ericbqlee
2023-02-08
ericbqlee
🙂
NPC69
2023-02-08
NPC69
K
YJ Lee
2023-02-08
YJ Lee
Ok

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