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Stockreport

EBay laying off about 800 roles, or 6% of its workforce [CNBC]

eBay Inc. (EBAY)  More Company Research Source: CNBC
Last ebay inc. earnings: 4/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.ebayinc.com
The job cuts are occurring across the company, and are a result of its push to focus on “strategic priorities,” eBay said. The online marketplace has been investing heavily in AI, and last week announced it will acquire Etsy's resale app Depop. In this article eBay's headquarters in San Jose, California, U.S. Bloomberg | Getty Images EBay said Thursday it is cutting about 800 roles, or 6% of its workforce, in the latest round of layoffs at the e-commerce company. “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.” EBay said the job cuts are spread across the company, and that decisions were made based on operating-model needs, areas of duplication and alignment to future priorities. The company [Read more]
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Stockreport

EBay laying off about 800 roles, or 6% of its workforce [CNBC]

eBay Inc.  (EBAY) 
More Company Research Source: CNBC
Last ebay inc. earnings: 4/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.ebayinc.com
The job cuts are occurring across the company, and are a result of its push to focus on “strategic priorities,” eBay said. The online marketplace has been investing heavily in AI, and last week announced it will acquire Etsy's resale app Depop. In this article eBay's headquarters in San Jose, California, U.S. Bloomberg | Getty Images EBay said Thursday it is cutting about 800 roles, or 6% of its workforce, in the latest round of layoffs at the e-commerce company. “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.” EBay said the job cuts are spread across the company, and that decisions were made based on operating-model needs, areas of duplication and alignment to future priorities. The company [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