TECH - Why eBay Shares Are Rising Today After Laying Off 9% Full-Time Workforce | Benzinga
eBay Inc. (NASDAQ:EBAY) shares are trading higher in the premarket session on Wednesday.
The e-commerce marketplace operator said in a company statement that it will slash its workforce by approximately 1,000 roles or an estimated 9% of full-time employees.
Additionally, the company said it plans to scale back the number of contracts within the alternate workforce over the coming months.
Also Read: eBay Agrees To Pay $3M For Sending Live Cockroaches And Fetal Pig To Silent Critical Bloggers
“These are not actions we take lightly — and we recognize the impact they will have on all eBayers. We have to say goodbye to people who have made so ...