Ebay to slash 1,000 jobs and scale back contracts | BreakingNews.ie

E-commerce platform Ebay is to cut about 1,000 roles, or an estimated 9 per cent of its current workforce.

The company employees approximately 900 people in its Irish operations. It is not yet clear how the announcement may impact Irish jobs.

“While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business,” Ebay chief executive Jamie Iannone said in a letter shared with employees.

“To address this, we’re implementing organizational changes that align and consolidate certain teams to improve the end-to-end experience, and better meet the needs of our customers around the world.”

The job cuts follow a wave of tech layoffs after the industry hired heavily during the Covid pandemic, including among behemoths such as Amazon and Google.

In addition to the job cuts, the company will also scale back the number of contracts within its alternative workforce over the coming months, Iannone added in the note.

Last February, Ebay announced plans to lay off 500 employees globally, representing 4 per cent of its total workforce.

-Reuters