EBay announced it will cut about 1,000 positions, or about 9% of its workforce, amid ongoing tech industry downsizing. CEO Jamie Iannone said eBay will also “scale back the number of contracts we have within our alternate workforce over the coming months.”
He noted that the company’s growth hasn’t kept up with expenses, so it will implement “organizational 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.”
During a fourth-quarter call, Iannone had pointed to inflation and rising interest rates as challenges to consumer confidence and demand.
These cuts come as Amazon, Alphabet and Unity all confirmed layoffs this month, and SAP said it plans to offer voluntary buyouts or job changes for 8,000 employees.
