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LONDON (AP) — Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce, saying its number of employees and costs have exceeded how much the business is growing in a slowing economy. It marks the latest layoffs in the tech industry. Political Cartoons View All 253 ImagesSan Jose, California-based eBay is the latest tech company to roll out a series of layoffs after quickly ramping up hiring during the COVID-19 pandemic while people spent more time and money online. Meanwhile, Amazon said this month that it is cutting several hundred jobs in its Prime Video and MGM Studios unit. Other tech companies, including Spotify, Microsoft, Meta and IBM, also have recently cut jobs.
Persons: Jamie Iannone, Iannone, , TikTok, Amazon, ” Iannone Organizations: , eBay Inc, eBay, Google, Riot Games, “ League, MGM Studios, Spotify, Microsoft, Meta, IBM, Justice Department Locations: Jose , California, Massachusetts
New York CNN —eBay is cutting 1,000 roles, about 9% of its full-time employees, the company’s CEO announced online Tuesday. CEO Jamie Iannone cited the “challenging macroeconomic environment” as an external pressure but added that there are factors the company can control. “We’re committed to treating everyone with respect and empathy through this transition and providing impacted employees with support and resources,” Iannone said. The eBay action is the latest round of layoffs to hit the tech industry in the first month of 2024, after an already difficult 2023 for the sector. Almost 11,000 tech employees have been laid off at 63 companies so far in 2024, according to data from layoffs.fyi.
Persons: Jamie Iannone, Iannone, , “ We’re, ” Iannone, Sundar Pichai, ” Duolingo, Brian Fung, Jennifer Korn, Clare Duffy, Catherine Thorbecke Organizations: New, New York CNN, eBay, Google Locations: New York, layoffs.fyi
New York CNN —eBay will pay a $3 million criminal penalty for a harassment campaign, including sending live cockroaches, of a Massachusetts-based couple who ran a newsletter that was sometimes critical of the company. eBay was charged with six criminal offenses, including stalking, witness tampering and obstruction of justice, after several of the company’s employees sent disturbing packages to the home of Ina and David Steiner in 2019, including a bloody pig mask, a fetal pig, live insects and a funeral wreath. “The company’s employees and contractors involved in this campaign put the victims through pure hell, in a petrifying campaign aimed at silencing their reporting and protecting the eBay brand,” Levy said. According to the US attorney’s statement, eBay employees, including Jim Baugh, eBay’s senior director of safety and security at the time, were frustrated with the tone of the Steiners’ newsletter, which aimed to provide information to eBay sellers. eBay said it terminated all involved employees in 2020, including the company’s former chief communications officer.
Persons: Ina, David Steiner, Joshua Levy, ” Levy, Jamie Iannone, ” Iannone, Jim Baugh, eBay’s, , Baugh, Levy, Organizations: New, New York CNN, eBay, Massachusetts US, DOJ, Craigslist Locations: New York, Massachusetts
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