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EBay to lay off 9% of workforce
CNBC • • business
Key Points:
- eBay announced it will lay off about 9% of its workforce, impacting roughly 1,000 employees, to streamline operations and focus on faster-growing areas.
- The company emphasized aligning teams and resources with strategic priorities while continuing to hire in key areas aligned with its strategy.
- This marks eBay's second round of layoffs in 2024, following a 6% reduction earlier in the year, amid ongoing efforts to reduce headcount while increasing investment in artificial intelligence.
- Earlier in 2024, eBay acquired Depop, a popular used clothing resale platform with a strong Gen Z and millennial user base, for $1.4 billion.
- Following the layoff announcement, eBay's shares rose approximately 1% in early trading.
