eBay will lay off 1,000 employees — 9 percent of the company

The Verge

eBay is following in the footsteps of Google, Discord, Twitch, Unity, and more — by laying off loads of workers this January instead of right before the holidays. The company writes it’s laying off around 1,000 workers, or 9 percent of the company’s full-time employees, and that’s just the start: eBay will also lay off an unspecified number of contractors “over the coming months.”

Despite reporting profit of $1.3 billion last quarter, which it described as “another quarter of solid results,” eBay today suggests that there is a “Need for Change.” Company president and CEO Jamie Iannone writes that “there is more we can do to ensure our success,” and argues that eBay should be a “more nimble” company that “makes decisions more quickly” to...

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