Thursday, 5 March, 2026
eBay Announces Layoff of 500 Employees, Reducing Workforce by 4%
By Basit Ansari
<p>EBay is cutting its workforce by 4% by laying off 500 employees. The company is facing increasing competition and restructuring its operations to stay competitive in the rapidly changing e-commerce market. The layoffs are expected to take place across multiple departments and locations globally. eBay aims to streamline its operations and improve profitability through these cost-cutting measures.</p>
Read full story at CNBC
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