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Jamie Iannone

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business2 years ago•2 min saved

eBay to Cut 1,000 Jobs, Shrinking Workforce by 9%

eBay is set to reduce its full-time workforce by approximately 9%, or about 1,000 roles, in a move aimed at achieving long-term, sustainable growth. CEO Jamie Iannone stated that the decision was made to better position the company for success and improve organizational agility. The company will also be cutting down on the number of contracts within its alternate workforce and providing support and resources to impacted employees during this transition.

via Fox Business|

#business #ebay #jamie-iannone

business2 years ago•1 min saved

eBay to Cut 1,000 Jobs, Shrinking Workforce by 9%

eBay is cutting around 1,000 full-time roles, which amounts to approximately 9 percent of its workforce, as part of a plan to reduce expenses that have outpaced business growth. The company will also scale back the number of contractors in the coming months. The move follows similar actions by other tech companies and is attributed to having hired too many people in recent years. CEO Jamie Iannone cited progress against the company's strategy but acknowledged that expenses had outpaced business growth.

via Engadget|

#business #ebay #jamie-iannone