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E - commerce ship’s company eBay said today that it plan to let go of 1,000 employees or around 9 % of its men due to the ongoing economic conditions . The party said ina blog postthat it also design to cut declaration part in the amount months .
The company ’s CEO Jamie Iannone admitted that the company hire fast , but it did n’t grow enough to rationalise the headcount .
“ Despite confront international pressure , like the intriguing macroeconomic environment , we know we can be estimable with the factors we hold . While we are name progress against our strategy , our overall headcount and expenses have outpaced the emergence of our business , ” Iannone pronounce in a bank bill sent to employees on Tuesday .
“ To turn to this , we ’re implement organizational changes that align and consolidate sure teams to better the end - to - end experience , and better meet the needs of our customers around the world . ”
The ship’s company joins a identification number of other organizations , includingGoogle , Amazon(including Twitch and Audible),Discord , Duolingo , Pixar , and Unity announcing chore cuts in January 2024 .
In Q3 2023 , eBay registered $ 2.5 billion in revenue and $ 1.3 billion in profit . However , the company gave a weak Q4 guidance , as it believedconsumer spending was on a downward trajectory . The company also earned$2.2 billion by sell its fairness in on-line ad business Adevintato Permira and Blackstone last year . In July , the eastward - commerce fellowship develop Certilogo , which provide digital ID to apparel . eBay is set to expose its Q4 profit next month .
The company has been drag in a few controversies of of late . Earlier this month , it agree topay $ 3 millionin a collective cyberstalking case of a U.S.-based couple . Last September , the Department of Justice incriminate the e - tailer of selling products that couldharm the surround and public wellness .
