The wave of layoffs in large technology companies does not stop. Ebay is the last to join with the dismissal of 500 workers around the world , 4% of its workforce globally, as confirmed by its CEO, Jamie Iannone, in a letter addressed to its staff and that it has communicated to the US market supervisor, the SEC.
In the letter, Iannone explains that the company has analyzed in recent months “where we are as a company”, taking into account the global macroeconomic environment, and with the intention of creating long-term sustainable growth. To do this, he says, “we need our organization to evolve to take the next step in our strategy, focused on growth, building a trusted business platform, empowering enthusiasts and seeding new technologies for the future.”
As a result of this analysis, Ebay sees a need to cut 500 jobs, which will be communicated to those affected in the next 24 hours. “There’s no easy way to communicate this, but I want to share with you why we made this decision,” says Iannone. In the executive’s opinion, the layoffs will help the company “strengthen our ability to offer better customer experiences and have greater innovation and scale on the platform.”
He also points out that the company will be able to focus where “we can have the most impact”, and that the layoffs will provide “additional space to invest and create new roles in areas of high potential”. “We are also simplifying our structure to make decisions more efficiently and quickly,” adds the CEO.
In the first three quarters of its fiscal year, Ebay posted a net loss of 1,941 million dollars, about 1,700 million euros at the current exchange rate, and its revenues were 7,285 million dollars, about 6,800 million euros, a 6, 6% less.
