eBay laying off 1,000 employees, about 9% of its staff

Almost 11,000 tech employees person been laid disconnected astatine 63 companies truthful acold successful 2024, according to information from layoffs.fyi.

NEW YORK -- eBay is cutting 1,000 roles, astir 9% of its full-time employees, the company's CEO announced online Tuesday.

The institution besides plans to standard backmost its contracts with its "alternate workforce" successful the coming months.

CEO Jamie Iannone cited the "challenging macroeconomic environment" arsenic an outer unit but added that determination are factors the institution tin control.

"While we are making advancement against our strategy, our wide headcount and expenses person outpaced the maturation of our business. To code this, we're implementing organizational changes that align and consolidate definite teams to amended the end-to-end experience, and amended conscionable the needs of our customers astir the world," the enactment said.

Iannone requested US employees enactment from location connected January 24 "to supply abstraction and privateness for these conversations." He said employees would beryllium notified if they were laid disconnected by their person implicit Zoom.

"We're committed to treating everyone with respect and empathy done this modulation and providing impacted employees with enactment and resources," Iannone said.

The eBay enactment is the latest circular of layoffs to deed the tech manufacture successful the archetypal period of 2024, aft an already hard 2023 for the sector. This month, Google CEO Sundar Pichai warned employees to expect further layoffs successful the months to travel arsenic the tech elephantine reorients itself toward artificial quality "and beyond." Duolingo laid disconnected astir 10% of its declaration workers arsenic it moves to trust much heavy connected artificial intelligence. Amazon besides chopped hundreds of jobs, including astatine streaming level Twitch.

Almost 11,000 tech employees person been laid disconnected astatine 63 companies truthful acold successful 2024, according to information from layoffs.fyi.

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