eBay is laying off 9 percent of its workforce
eBay is laying off 9 percent of its workforce

eBay is laying off 9 percent of its workforce

What To Know

  • eBay has just announced a reduction of around 1,000 positions, which represents about 9 percent of its full-time workforce.
  • The company also plans to reduce the number of contractors in the coming months.
  • This action by eBay reflects the recent moves of Unity and Google earlier this month, indicating a challenging beginning for the tech industry in 2024.
  • In a memo, Jamie Iannone, the president, and CEO, stated, “While we are making progress in our strategy, our overall workforce and expenses have grown faster than our business.

eBay, one of the latest tech giants impacted by economic changes. eBay has just announced a reduction of around 1,000 positions, which represents about 9 percent of its full-time workforce.

Starting January 24, employees in the US are instructed to work from home, with those affected receiving notifications soon. Unlike Discord and Riot Games, eBay’s communication doesn’t provide details about severance or benefits.

The company also plans to reduce the number of contractors in the coming months. This action by eBay reflects the recent moves of Unity and Google earlier this month, indicating a challenging beginning for the tech industry in 2024.

Similar to its counterparts, eBay attributes these layoffs to a past trend of over-hiring. In a memo, Jamie Iannone, the president, and CEO, stated, “While we are making progress in our strategy, our overall workforce and expenses have grown faster than our business.” Hopefully, those affected may find support in LinkedIn’s new AI-powered categorization tool.

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