eBay Announces Plan to Reduce Workforce by 1,000 Employees in 2024, Citing the Necessity for Transformation
The start of 2024 has heralded a number of major workforce reductions in the technology industry, affecting prominent organizations such as Google, Amazon and Bytedance. And it’s highly likely that these layoffs will continue, as technology leaders including Google CEO Sundar Pichai have hinted.
Now, newly developed popular e-commerce platform eBay has announced its decision to lay off about 1,000 employees, representing 9 percent of its full-time workforce. In addition, the company plans to lay off an undisclosed number of contract workers in the coming months. eBay says there is a “need for change” despite reporting $1.3 billion in revenue last quarter.
“Our strategy is right, but we can do more to ensure our success. We need to better organize our teams for speed – to be more agile, bring like-minded work together and help us make decisions faster,” said Jamie Iannone, CEO of eBay. He also said eBay plans to “reduce the number of contracts we have with our alternative workforce over the coming months.”
He added: “These actions are not taken lightly – and we understand their impact on all eBayers. We have to say goodbye to people who have made so many important contributions to the eBay community and culture, and this will not be easy.”
In addition, the company states that this is also in line with its efforts to merge some Teams and create a better user experience for its customers.
In particular, this recent workforce reduction is due to numerous technology-related layoffs in the industry.
At the beginning of January, Google started laying off hundreds of employees in different teams. This included staff from its Voice Assistant unit, as well as the hardware team responsible for hundreds of Pixels, Nests and Fitbits. In addition, Google made workforce changes to its augmented reality team and central engineering team.
Meanwhile, Amazon is also downsizing, laying off hundreds of employees at its Prime Video and MGM Studios divisions, as reported by Forbes. The company is said to be looking at “almost every aspect of its business” before making a decision.
