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eBay will begin cutting approximately 9% of its workforce (approximately 1,000 full-time roles) in an effort to “better position eBay for long-term, sustainable growth,” the company said Tuesday. Announced.
In a news release sent to employees, Jamie Iannone, eBay's president and CEO, said in a news release sent to employees that the “fundamental changes” it has made over the past three years have led to “the pace of innovation.” “accelerated'', resulting in increased customer satisfaction and improved market growth. , but there is “more” that companies can do to be successful.
“We need to better organize our teams to achieve speed, so they can be more agile, group similar work together, and support faster decision-making,” Iannone wrote. I am.
In what Iannone described as “the most important and toughest decision we have to make,” the company will reduce its current full-time workforce by an estimated 9%, or about 1,000 roles. eBay also plans to reduce the number of replacement personnel it contracts.
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eBay announced Tuesday that it will cut its workforce by 9% to better ensure “long-term, sustainable growth.” (David Paul Morris/Bloomberg via Getty Images/Getty Images)
“These actions are not something we take lightly, and we recognize that they impact all eBayers. We must say goodbye to those who have contributed, and this is not easy,” Iannone wrote.
The company's decision to eliminate some roles came after it became clear that “overall headcount and expenses were outpacing eBay's growth.” In the future, some teams will be consolidated and aligned with organizational changes that improve the experience and better meet customer needs.
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“These changes are difficult, but we are confident that by working together we will emerge stronger than ever. In the coming months, you will see a more focused, agile and responsive eBay.” .This will position us well to advance our objective of “creating economic opportunity for all,'' Iannone concluded.
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The company asked all U.S. employees to work from home on Wednesday to ensure “space and privacy” during conversations conducted via Zoom.
eBay said it is “committed to treating everyone with respect and empathy” during this period and that affected employees will be provided support and resources.
