Ebay CEO Jamie Iannone said the company decided to do layoffs after examining the global macroeconomic environment over the past several months.
In a memo to employees, CEO Jamie Iannone said the company decided to make cuts after examining the global macroeconomic environment over the past several months. He said the cuts will strengthen eBay's ability to deliver better experiences for its customers, and it will help eBay focus on areas where it can make the most impact.David Paul Morris | Bloomberg | Getty Images
"Importantly, this shift gives us additional space to invest and create new roles in high-potential areas — new technologies, customer innovations and key markets — and to continue to adapt and flex with the changing macro, ecommerce and technology landscape," Iannone wrote in the release.The company's layoff announcement marks the latest round of job cuts in the tech industry, as
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