Subj : Over a thousand jobs are going at eBay as ecommerce giant admits
To   : All
From : TechnologyDaily
Date : Wed Jan 24 2024 17:15:05

Over a thousand jobs are going at eBay as ecommerce giant admits it grew too 
fast

Date:
Wed, 24 Jan 2024 17:04:10 +0000

Description:
eBay will reduce its full-time worker headcount by around 9% owing to 
expenses outpacing company growth.

FULL STORY
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eBay has announced plans to cut around a thousand jobs as the company looks 
to ensure its "long-term success". 

An announcement by company CEO Jamie Iannone confirmed that approximately 
1,000 roles, or the equivalent of around 9% of the companys full-time 
workforce, would be eliminated as it strives for better cost efficiency. 

The ecommerce giant claims to have been on a transformative journey over the 
past three years, since the pandemic, making shifts in user experiences and 
driving customer satisfaction in certain areas that have received investment. 
eBay announces large-scale layoffs 

Though layoffs have continued into 2024, the final weeks of 2022 and the 
early part of 2023 were considered to be the most serious. A total of more 
than 262,000 tech workers were made redundant in the 2023 calendar year (via 
layoffs.fyi ), with some of the most considerable reductions accounting for 
around 10-15% of companies workforces. 

eBays decision to reduce its headcount by 9% is pretty significant, even by 
2023s standards, however its unclear precisely what percentage of all of the 
companys workers is affected, given that the 9% relates to full-time workers 
only. 

The announcement confirmed that, despite continued consumer spend, eBays 
spend has become a problem: our overall headcount and expenses have outpaced 
the growth of our business. 

Leaders have been told to communicate the workforce changes directly via 
eBays preferred video conferencing platform, Zoom. In a bid to soften the 
blow, the company asked all US workers to work from home on January 24 to 
allow space and privacy for these conversations. 

 TechRadar Pro asked eBay to confirm more details about the layoffs, 
including any information regarding a redundancy package to support affected 
workers. The company did not immediately respond. More from TechRadar Pro 
Affected by redundancies? Here are the best job sites Check out the best 
recruitment platforms as well Google CEO says more layoffs are coming soon



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Link to news story:
https://www.techradar.com/pro/over-a-thousand-jobs-are-going-at-ebay


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