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eBay to cut 1,000 jobs

eBay has announced that it is to cut its current workforce by around 1,000 roles as part of plans to “better position” the company for long-term… View Article

GENERAL MERCHANDISE NEWS

eBay to cut 1,000 jobs

eBay has announced that it is to cut its current workforce by around 1,000 roles as part of plans to “better position” the company for long-term growth.

The cuts will affect an estimated 9% of full-time employees.

In a memo sent to eBay’s internal workforce this week, the company’s chief executive Jamie Iannone said: “Over the past three years, we made fundamental changes in our experiences across categories and accelerated the pace of innovation at eBay. In areas where we’re investing, we are seeing consistent increases in customer satisfaction and a meaningful improvement in our growth relative to the market.

“While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business. To address this, we’re implementing 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.”

eBay will shortly begin to notify those employees whose roles have been eliminated and will be entering into a consultation process in areas where required.

The company is also planning to scale back the number of contracts it has within its “alternate workforce” in the coming months.

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