Ebay plans to lay off 500 employees, about 4% of its workforce
Publishing timestamp: 2023-02-07 17:53:20
Summary
eBay announced plans to cut 500 jobs, or about 4% of its workforce, according to filing with SEC. CEO Jamie Iannone said company decided to do layoffs after examining global macroeconomic environment over past several months. This marks the latest round of job cuts in the tech industry, as Zoom, Google, Microsoft, and Salesforce have all announced plans to lay off workers.
Sentiment: MIXED
Tickers: ZM, GOOGL, EBAY, MSFT, CRM,
Keywords: internet, ebay inc, layoffs, business news, technology, jobs, zoom video communications inc,
Source: https://www.cnbc.com/2023/02/07/ebay-layoffs-500-jobs-cut-.html