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Stockreport

Bay Area tech giant eBay to lay off 800 workers [Yahoo! Finance]

eBay Inc. (EBAY)  More Company Research Source: Yahoo! Finance
Last ebay inc. earnings: 4/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.ebayinc.com
San Jose-based eBay will cut 800 jobs, or 6% of its workforce, days after announcing a $1.2 billion deal to acquire Depop from Etsy. (eBay) eBay Inc. said Thursday that it will lay off about 800 employees, roughly 6% of its workforce, marking the latest round of job cuts at the longtime Silicon Valley tech company. The San Jose e-commerce giant announced the layoffs a week after revealing plans to acquire Depop , a secondhand fashion app owned by Etsy, for $1.2 billion in cash. "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," an eBay spokesperson said in a statement. "We are grateful for the contributions of the employees impacted and are committed to supporting them with care and respect." The cuts will affect teams across the company and reflect changes to its operating model, including areas of duplication and alignment with future priorities, the company said. [Read more]
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Stockreport

Bay Area tech giant eBay to lay off 800 workers [Yahoo! Finance]

eBay Inc.  (EBAY) 
More Company Research Source: Yahoo! Finance
Last ebay inc. earnings: 4/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.ebayinc.com
San Jose-based eBay will cut 800 jobs, or 6% of its workforce, days after announcing a $1.2 billion deal to acquire Depop from Etsy. (eBay) eBay Inc. said Thursday that it will lay off about 800 employees, roughly 6% of its workforce, marking the latest round of job cuts at the longtime Silicon Valley tech company. The San Jose e-commerce giant announced the layoffs a week after revealing plans to acquire Depop , a secondhand fashion app owned by Etsy, for $1.2 billion in cash. "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," an eBay spokesperson said in a statement. "We are grateful for the contributions of the employees impacted and are committed to supporting them with care and respect." The cuts will affect teams across the company and reflect changes to its operating model, including areas of duplication and alignment with future priorities, the company said. [Read more]
IMPACT SNAPSHOT
EVENT TIME:
EBAY
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS