Alex Omenye
E-commerce giant eBay said on Wednesday that it intends to lay off 1,000 workers, or around 9% of its staff due to the current state of the economy.
In a blog post, the company announced that it will be eliminating contract positions in the upcoming months.
CEO Jamie Iannone acknowledged that although the business hired quickly, its growth was insufficient to warrant the number of employees.
“Despite facing external pressures, like the challenging macroeconomic environment, we know we can be better with the factors we control. While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business,” Iannone said in a note sent to employees on Tuesday.
“To address this, we’re implementing organizational changes that align and consolidate certain teams to improve the end-to-end experience, and better meet the needs of our customers around the world.” He added.
The company joins a number of other companies that have already done so, including Pixar, Google, Amazon, Discord, Duolingo, that have laid off staff in January 2024.
