Online retailer eBay has made the decision to lay off 1,000 employees, an estimated 9 percent of the company's workforce.
In a note sent to employees, Jamie Iannone, President and CEO of eBay, shared the news, writing about the decision in an effort "to better position eBay for long-term, sustainable growth." Iannone wrote that the layoffs are the "most significant and toughest of these decisions."
SEE ALSO:YouTube to cut 100 workers as tech layoffs continue"These are not actions we take lightly — and we recognize the impact they will have on all eBayers," said Iannone. "We have to say goodbye to people who have made so many important contributions to the eBay community and culture, and this isn’t easy." He added that while the company is "making progress" against its strategy, their headcount and expenses "have outpaced" the growth of its business.
The layoffs come despite the company reporting a profit of $1.3 billion last quarter. In November, Iannone described the profits as "another quarter of solid results."
The company has requested all U.S. employees to work from home today, January 24th, in order to "provide some space and privacy" for the employees being told their roles are being eliminated. Alongside the job cuts, eBay also announced that they are scaling back on outside contractors.
eBay previously cut 500 workers in February 2023.
So far, 2024 has seen a number of layoffs across tech firms, including Amazon, Wayfair, Duolingo, YouTube, and Google. According to layoffs.fyi, a website tracking job cuts in the tech sector, over 13,000 workers have been laid off within the first few weeks of this year.
(责任编辑：知識)
Slack goes down again, prompting anxiety everywhere
Everyone is very confused by Nicki Minaj's new fruitManchester police tweet mysterious handbag poser, leaves Twitter puzzledPolite guy wins $1 million in lottery store after letting someone cut in frontMichael Phelps says goodbye to the pool with Olympic goldThe Weeknd teases new music in Instagram post
The Weeknd is approaching.。 The Grammy award-winning singer looks to be in full third-studio-album m
...[详细]Pierce Brosnan leaves India shaken and stirred by starring in 'pan masala' advertisement
Pierce Brosnan may have won millions of fans with his portrayal of James Bond, but his latest avatar
...[详细]Dude accidentally buys three 5
When bae drops the hint that she likes something, the rare good husband will make a mental note and
...[详细]Professor says she'll bring gun to campus after members of the band kneel for anthem
This story was updated Wednesday morning after Tuten walked back her initial comments via Facebook.
...[详细]These glasses hide a fitness tracker on your face
The last time a company tried popularizing wearable tech embedded in glasses, most notably with Goog
...[详细]Melania Trump threatens to sue 'People' over sexual misconduct story
First came Donald vs. the 。 New York Times 。, now it's Melania vs.
。 People.
。Amid multiple accusations
...[详细]UK to exempt Armed Forces from European convention on human rights
Theresa May wants to introduce an automatic "opt out" from the European convention on human rights (
...[详细]IMAX to screen all eight 'Harry Potter' films in one magical movie marathon
Listen, Dumbledore, we know that love is the most powerful magic in the universe, but the screen sor
...[详细]Samsung Galaxy Note7 teardown reveals the magic behind the phone's iris scanner
Samsung's Galaxy Note7 is touted by many reviewers as one of the best, if not the best, smartphones
...[详细]Melania Trump threatens to sue 'People' over sexual misconduct story
First came Donald vs. the 。 New York Times
。, now it's Melania vs. 。 People. 。Amid multiple accusations
...[详细]One of the most controversial power struggles in media comes to a close
Dude accidentally buys three 5