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eBay job cuts: Around 1,000 layoffs at tech giant
eBay has become the latest tech giant to announce mass layoffs in the first month of 2024, with 9% of its global workforce set to be axed.
In a note sent to workers, the California-based company’s President and CEO, Jamie Iannone outlined his long-term strategy and confirmed that changes made over the past three years have resulted in “increases in customer satisfaction and a meaningful improvement in our growth.” Intensifying competition from the likes of Amazon and consumer spending cutbacks in developed economies due to inflation pressures have squeezed eBay’s bottom line. Now, he co-hosts the popular We Are West Ham Podcast, writes a weekly column for BBC Sport and covers the latest news in the industry for ReadWrite.com.
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