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

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eBay has decided to cut 1,000 jobs, or about 9% of its full-time employees, the company’s CEO announced online on Tuesday.

The company also plans to reduce its contracts with “replacement workforce” in the coming months.

CEO Jimmy Iannone pointed to the “difficult macroeconomic environment” as an external pressure, but added that there are factors the company can control.

“As we make progress on our strategy, our total headcount and expenses have outpaced the growth of our business. To address this issue, we are implementing organizational changes that align and unify specific teams to improve the overall experience and better meet the needs of our customers around the world.

Iannone asked US employees to work from home on January 24 “to provide space and privacy for these conversations.” He said employees will be notified if they are laid off by their leader via Zoom.

“We are committed to treating everyone with respect and compassion during this transition and providing affected employees with support and resources,” Iannone said.

eBay’s procedure is The latest round of layoffs to hit the tech industry In the first month of 2024, after an already difficult 2023 for the sector. This month, Google CEO Sundar Pichai Warn the staff To expect more layoffs in the coming months as the tech giant reorients itself toward artificial intelligence “and beyond.” Duolingo It laid off about 10% of its contract workers As it moves to rely more on artificial intelligence. Amazon too Hundreds of jobs cutincluding the streaming platform Twitch.

Nearly 11,000 tech employees have been laid off at 63 companies so far in 2024, according to Data of layoffs. For your information.

CNN’s Brian Fong, Jennifer Korn, Claire Duffy and Katherine Thorbeck contributed to this report.

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