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EBay Cuts 1,100 Jobs to Pivot Toward High-Growth Markets

PYMNTS
Image: PYMNTS

EBay plans to lay off 9% of its workforce, or about 1,100 people, as it sharpens its focus on faster-growing markets, Reuters reported Wednesday (Oct. 21). CEO Jamie Iannone announced the move in a memo sent to staff, which was seen by Reuters, and an eBay spokesperson confirmed the layoffs to Reuters, according to the […]

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