Business · Singapore Bureau
eBay to cut 9% of workforce in operational streamlining drive
The online marketplace giant is laying off roughly 9% of its global workforce as part of efforts to simplify operations and reduce costs. This follows an earlier round of cuts in February that saw 800 employees, or about 6% of staff, exit the company.
LSN Singapore ·
eBay is proceeding with another round of significant workforce reductions, according to an internal memo seen by news outlets. The company plans to eliminate approximately 9% of its total headcount as it pursues a broader strategy to streamline operations and enhance operational efficiency.
The latest announcement comes just months after eBay conducted a previous round of layoffs in February, when it reduced its workforce by approximately 6%, affecting some 800 employees. That earlier restructuring was similarly framed as part of the company's efforts to optimise its operational footprint.
The e-commerce platform has not provided specific details regarding the timing of the new cuts or the total number of positions affected. The company's ongoing restructuring reflects broader trends across the technology sector, where major firms have been adjusting headcount amid evolving business conditions.
Operational efficiency has become a key focus for eBay's leadership as the company navigates a competitive digital marketplace landscape. The successive rounds of layoffs signal management's commitment to reducing costs while attempting to maintain the company's competitive position in the global e-commerce market.