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Stock impact report

eBay just sent a message its workforce will not forget [Yahoo! Finance]

eBay Inc. (EBAY) 
Last ebay inc. earnings: 4/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.ebayinc.com
Company Research Source: Yahoo! Finance
The San Jose-based company confirmed the layoffs Thursday, marking its third round of job cuts in three years. The cuts come just days after eBay announced on Feb. 18 a $1.2 billion deal to acquire Depop, the secondhand fashion app popular with Gen Z shoppers, from Etsy. Shares rose more than 3% Thursday as investors cheered the cost discipline move. When TheStreet reached out to eBay for comment, a company spokesperson said: "We are taking steps to reinvest across our business and align our structure with our strategic priorities, which will affect certain roles across our workforce. We are grateful for the contributions of the employees impacted and are committed to supporting them with care and respect." More Retail: Costco sees major shift in member behavior Retail chain shuts all locations as legal changes hit industry Lululemon struggles to reverse concerning customer behavior On background, the spokesperson confirmed the cuts include the elimination of approximate Show less Read more
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