eBay is the latest tech firm to announce mass layoffs as it said it was cutting 1,000 jobs to “better position” the business for long-term growth.
The decision will see the online marketplace axe 9% of its full-time global workforce, according to a memo written to employees by eBay chief executive Jamie Iannone.
He said: “While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business.
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“To address this, we’re implementing organisational changes that align and consolidate certain teams to improve the end-to-end experience, and better meet the needs of our customers around the world.”
In addition to the job cuts, Iannone said the online giant will also scale back the number of contracts within its “alternative workforce” over the coming months.
This is the second round of layoffs at eBay within a year, which revealed it had cut 500 employees, representing 4% of its total workforce, last February.
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