EBay Is Laying Off About 800 Workers, 6% of Global Workforce
Source: Slashdot
Layoffs
EBay is cutting about 800 jobs, or 6% of its full-time employees, saying the layoffs are needed to align its workforce with strategic priorities. From a report: “We are taking steps to reinvest across our business and align our structure with our strategic priorities, which will affect certain roles across our workforce,” the San Jose, California‑based company said early Thursday in a statement. “We are grateful for the contributions of the employees impacted and are committed to supporting them with care and respect.”
Company Outlook
EBay will continue to hire in key areas. The cuts come a week after the company announced it would acquire second‑hand fashion marketplace Depop for about $1.2 billion in an effort to draw younger shoppers and after it reported robust quarterly results. Revenue increased 15% to $3 billion in the fourth quarter, surpassing analyst estimates.