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Stockreport

Ebay slashes 6% of workforce as e-commerce firm realigns operations [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
Ebay said on Thursday it is cutting about 800 jobs, or roughly ?6% of its full-time workforce, ?as the e-commerce company moves to streamline operations ?and align staffing with its strategic priorities. "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," ?the company said. Here are some details: * EBay will cut about 800 jobs, ?or 6% ?of its ?full-timeworkforce, as part ?of a restructuring aimed at aligning staffingwith long-term strategic priorities. * The layoffs follow eBay's $1.2 billion acquisition ofDepop, announced last week, as the firm doubles down onsecondhand ?fashion and Gen ?Z-focused platforms. * This is ?the third ?round of layoffs since 2023. ?The companycut about 1,000 ?roles (9%) in ?early 2024, citing labor costsoutpacing growth, and about 500 roles (4%) in early ?2023, ?due toa slowdown in consumer spending ?post pandemic. (Reporting by Kritika L [Read more]
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Stockreport

Ebay slashes 6% of workforce as e-commerce firm realigns operations [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
Ebay said on Thursday it is cutting about 800 jobs, or roughly ?6% of its full-time workforce, ?as the e-commerce company moves to streamline operations ?and align staffing with its strategic priorities. "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," ?the company said. Here are some details: * EBay will cut about 800 jobs, ?or 6% ?of its ?full-timeworkforce, as part ?of a restructuring aimed at aligning staffingwith long-term strategic priorities. * The layoffs follow eBay's $1.2 billion acquisition ofDepop, announced last week, as the firm doubles down onsecondhand ?fashion and Gen ?Z-focused platforms. * This is ?the third ?round of layoffs since 2023. ?The companycut about 1,000 ?roles (9%) in ?early 2024, citing labor costsoutpacing growth, and about 500 roles (4%) in early ?2023, ?due toa slowdown in consumer spending ?post pandemic. (Reporting by Kritika L [Read more]
IMPACT SNAPSHOT
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EBAY
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