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Online retailer eBay is cutting 1,000 jobs. It’s the latest tech company to reduce its workforce
Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce. CEO Jamie Iannone said in a message to employees on Tuesday that the company's number of employees and costs have exceeded how much the business is growing in a slowing economy.
LONDON (AP) — Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce, saying its number of employees and costs have exceeded how much the business is growing in a slowing economy. The head of eBay pointed to those concerns in the need to trim its workforce: “Despite facing external pressures, like the challenging macroeconomic environment, we know we can be better with the factors we control,” Iannone said. The online retailer will pay a $3 million fine to resolve U.S. criminal charges over a harassment campaign waged by employees who sent live spiders, cockroaches and other disturbing items to the home of a Massachusetts couple, according to court documents this month.
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