E-commerce platform eBay is sacking around 1,000 employees or 9 per cent of its full-time workforce, and the company will also lay off an unspecified number of contractors \u201cover the coming months.\u201d Despite registering a profit of $1.3 billion last quarter, eBay said that there is a \u201cneed for change.\u201d \u201cOur strategy is the right one, but there is more we can do to ensure our success. We need to better organise our teams for speed \u2013 allowing us to be more nimble, bring like-work together, and help us make decisions more quickly,\u201d said Jamie Iannone, President and CEO, of eBay.<\/p>\n
He announced a reduction in the current workforce by approximately 1,000 roles or an estimated 9 per cent of full-time employees. \u201cAdditionally, we plan to scale back the number of contracts we have within our alternate workforce over the coming months,\u201d the CEO said in an internal memo late on Tuesday. The company is implementing organisational changes that align and consolidate certain teams to improve the end-to-end experience, and \u201cbetter meet the needs of our customers around the world\u201d. \u201cLeaders will communicate the news (of layoffs) directly via Zoom, and your VP or eLT member will send an email once the notifications in their group have been completed,\u201d the company informed.<\/p>\n
eBay asked all US employees to work from home on January 24 \u201cto provide some space and privacy for these conversations\u201d. \u201cWe\u2019re committed to treating everyone with respect and empathy through this transition and providing impacted employees with support and resources,\u201d said the CEO. eBay said it hired too quickly. \u201cWhile we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business,\u201d said Iannone.<\/p>\n","protected":false},"excerpt":{"rendered":"
E-commerce platform eBay is sacking around 1,000 employees or 9 per cent of its full-time workforce, and the company will\u2026<\/p>\n","protected":false},"author":28,"featured_media":26373,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[8913,8911,8912,8066,5180,8914],"class_list":["post-26372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech","tag-contractors","tag-ebay","tag-employees","tag-layoffs","tag-tech-sector","tag-workforce"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/26372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=26372"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/26372\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/26373"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=26372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=26372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=26372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}