Technology
eBay To Cut About 1,100 Jobs In Workforce Reduction And Restructuring
The Indian Express1h
THE BRIEF
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Online marketplace eBay announced plans to cut approximately 9 percent of its workforce, eliminating about 1,100 jobs to streamline operations.
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CEO Jamie Iannone stated in a memo that the company will shift resources toward fastest-growing segments like authenticated luxury goods and collectibles.
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The company previously cut 6 percent of its staff in February and reported strong demand following its acquisition of resale platform Depop.