EBay Will Cut 4% of Its Workforce as Sales Decline
EBay is the latest company to eliminate positions in response to economic conditions.
Photographer: David Paul Morris/Bloomberg
This article is for subscribers only.
EBay Inc. is cutting about 500 employees — or 4% of its workforce — as the e-commerce company continues to face slower consumer spending after a brief pandemic boom.
The reductions are in response to the “macroeconomic situation around the world,” Chief Executive Officer Jamie Iannone said Tuesday in a statement, and are necessary to help “create long-term sustainable growth.”