Ebay to lay off 500 employees

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Ebay to lay off 500 employees
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E-commerce firm eBay Inc said on Tuesday it will lay off 500 employees globally, representing 4% of its total workforce.

The eBay app is seen on a smartphone in this illustration taken, July 13, 2021.

Dado Ruvic/Illustration/File Photosaid on Tuesday it will lay off 500 employees globally, representing 4% of its total workforce."This shift gives us additional space to invest and create new roles in high-potential areas - new technologies, customer innovations and key markets," said Jamie Iannone, Chief Executive Officer of Ebay in a message to employees.

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