eBay to slash 1,000 roles, or 9% of full-time employees, joining tech giants Amazon, Alphabet in making job cuts
- The e-commerce company says its overall headcount and expenses have outpaced the growth of its business
- The announcement marks the second round of job reductions at eBay since February 2023, when it said it would cut 500 employees
eBay will cut about 1,000 jobs, or 9 per cent of its full-time employees, and reduce work for its outside contractors, saying its staffing and expenses have outpaced growth.
The e-commerce company said it needs to be “more nimble” in the face of a “challenging” economic environment.
“While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business,” the San Jose, California-based company said Tuesday in a statement.
“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.”
The announcement marks the second round of job reductions at eBay in a year. The online marketplace in February 2023 said it would cut about 500 employees, or about 4 per cent of its workforce, citing a slowdown in consumer spending following the pandemic-fuelled e-commerce boom.
