{"id":8552,"date":"2023-02-09T07:03:22","date_gmt":"2023-02-09T07:03:22","guid":{"rendered":"https:\/\/dmsretail.com\/RetailNews\/ebay-to-slash-4-of-its-global-workforce-in-order-to-continue-to-be-successful\/"},"modified":"2023-02-09T07:03:22","modified_gmt":"2023-02-09T07:03:22","slug":"ebay-to-slash-4-of-its-global-workforce-in-order-to-continue-to-be-successful","status":"publish","type":"post","link":"https:\/\/dmsretail.com\/RetailNews\/ebay-to-slash-4-of-its-global-workforce-in-order-to-continue-to-be-successful\/","title":{"rendered":"eBay to slash 4% of its global workforce in order to ‘continue to be successful’"},"content":{"rendered":"

\"Retail<\/a><\/p>
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\"eBay
Jamie Iannone: \u201cTo create long-term, sustainable growth for eBay, we need to evolve our organization as we take the next step in our strategy”<\/figcaption><\/figure>\n<\/div>\n
\/\/<\/span> eBay plans to cut 500 jobs, about 4% of its staff in the latest bout of layoffs for the ecommerce sector<\/h6>\n
\/\/ <\/span>CEO Jamie Iannone says the move to cut staff gives the business \u2018additional space to invest and create new roles in high-potential areas\u2019<\/h6>\n\n

eBay is joining the ranks of other tech companies with mass layoffs and has said it will be cutting 500 jobs in order to \u201ccontinue to be successful\u201d.<\/p>\n

The online giant will be axing about four per cent of its workforce, according to a memo written to employees on Tuesday by eBay chief executive Jamie Iannone.<\/p>\n

He said: \u201cTo create long-term, sustainable growth for eBay, we need to evolve our organization as we take the next step in our strategy \u2014 focused on driving growth, building a trusted marketplace, empowering enthusiasts and seeding new technologies for the future\u201d.<\/p>\n\n

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The move gives eBay more room to invest and create roles in \u201chigh-potential areas\u201d such as technology, innovations, and key markets as well as boosting the efficiency and speed of decision-making.<\/p>\n

The business is being hit by dampened consumer demand following a pandemic binge on clothes and household items from shoppers stuck at home<\/p>\n

According to data from FactSet, the business is anticipating a 14m drop in active buyers in their end-of-year trading update later this month.<\/p>\n

Global tech giants including Amazon, Microsoft, Google and Spotify have all kicked off the new year by unveiling thousands of job cuts.<\/p>\n

Last month Amazon revealed plans to cut over 18,000 jobs from its workforce \u2013 the largest set of layoffs in the US tech giant\u2019s history, citing economic uncertainty.<\/p>\n

The online giant\u00a0which employs 1.5 million people globally, did not say which countries the job cuts would be in, but confirmed they would include Europe.<\/p>\n

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\"Retail<\/a><\/p>
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Jamie Iannone: \u201cTo create long-term, sustainable growth for eBay, we need to evolve our organization as we take the next step in our strategy” \/\/ […]<\/p>\n","protected":false},"author":1,"featured_media":8553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-8552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-magazines"],"_links":{"self":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/8552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/comments?post=8552"}],"version-history":[{"count":0,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/8552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media\/8553"}],"wp:attachment":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media?parent=8552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/categories?post=8552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/tags?post=8552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}