eBay to cut about 1,100 jobs as it streamlines operations and shifts focus to growth areas
eBay announced it will cut about 1,100 jobs, representing 9% of its workforce, as it streamlines operations and reallocates resources to high-growth areas like luxury goods and collectibles. This follows a previous layoff of 800 employees in February. The restructuring aims to enhance eBay's focus on its fastest-growing business segments.