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eBay to cut about 1,000 jobs in second round of layoffs this year

eBay to cut about 1,000 jobs in second round of layoffs this year

eBay is cutting approximately 1,000 jobs – or about 9% of its workforce – marking the online marketplace's second round of layoffs this year as it looks to streamline operations and focus on key areas of growth.The job cuts were outlined in an internal memo from CEO Jamie Iannone obtained by Reuters, which first reported the move Wednesday. An eBay spokesperson also confirmed the layoffs to the news agency."Our strategy is working," Iannone wrote in the memo. He said the company must decide where to direct its investments and resources to capitalize on future opportunities.AMAZON PAUSES OP...

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Wayne G Fraser
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State Georgia, North Carolina, South Carolina
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