Online retailer eBay is cutting 1,000 jobs. It's the latest tech company to reduce its workforce
CTV
Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9 per cent 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.
Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9 per cent 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.
CEO Jamie Iannone said in a message to employees on Tuesday that the company also will reduce how many "contracts we have within our alternate workforce over the coming months."
Those who are being laid off will be told through Zoom calls with their bosses, Iannone said, requesting that people work from home Wednesday to allow privacy for those conversations.
"We need to better organize our teams for speed -- allowing us to be more nimble, bring like-work together, and help us make decisions more quickly," he said in the note, which was posted online.
"These changes are difficult, but I'm confident that by working together we will become stronger than ever," Iannone added.
San 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.
Now, companies from Google to Amazon have been making painful job cuts to reduce costs and bolster their bottom lines.
This year’s hard winter weather likely left significant damage for many homeowners coming into spring. Building and renovation expert Ryan Thompson spoke to CTV’s Your Morning about some of the biggest areas to focus on around the exterior of your home, to help prevent serious damage after the cold, hard winter.
Iranians are managing to get online during the current war with the U.S. and Israel despite drastic censorship and frequent blackouts, throwing the spotlight on to providers of tools such as VPNs (virtual private networks).
March is Nutrition Month, and two Ottawa dietitians joined "CTV Your Morning Ottawa" to mark the occasion and share three sample performance plates for three different levels of activity.
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Hawaii suffered its worst flooding in more than 20 years as heavy rains fell on soil already saturated by downpours from a winter storm a week ago, officials said Friday while warning that still more rain was expected during the weekend.
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