EBay will cut 4% of its workforce as sales decline

Bay employs around 900 people at its European headquarters in Blanchardstown in Dublin. The details are not yet known around how the company's Irish workforce will be impacted by the cuts. 

Amazon, EBay’s far larger rival, has said it’s cutting 18,000 jobs and reported last week that online sales dropped 2% in the holiday quarter. 

Online retailer EBay, which sell pre-owned goods, is cutting about 500 employees, or 4% of its workforce, as the e-commerce company continues to face slower consumer spending after a brief pandemic boom.

The reductions are in response to the “macroeconomic situation around the world,” CEO Jamie Iannone said and are necessary to help “create long-term sustainable growth.”