Final replace: Feb 08, 2023 09:23 AM IST
Ebay joins mass layoffs. (Picture: Reuters)
E-commerce agency eBay Inc stated Tuesday it would lay off 500 workers worldwide, 4% of its complete workforce.
E-commerce agency eBay Inc (EBAY.O) stated Tuesday it would lay off 500 workers worldwide, representing 4% of its complete workforce.
Shares of the San Jose, California-based firm rose about 1% within the secondary market.
“This shift offers us further house to take a position and create new roles in promising areas – new applied sciences, buyer innovation and key markets,” Jamie Iannone, chief govt officer of Ebay, stated in a message to workers.
A slew of US firms, from Goldman Sachs Group Inc (GS.N) to Alphabet Inc (GOOGL.O), have laid off hundreds of individuals this 12 months to climate a stoop in demand brought on by excessive inflation and rising rates of interest.
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(This story was not edited by the News18 employees and is revealed from a information company syndicated channel)
