eBay retrenching 1,000 employees

Hanno Labuschagne

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eBay retrenching 1,000 employees

EBay Inc. will cut about 1,000 jobs, or 9% of its full-time employees, and reduce work for its outside contractors, saying its staffing and expenses have outpaced growth.

The e-commerce company said it needs to be “more nimble” in the face of a “challenging” economic environment.

[Bloomberg]
 
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