Ebay to cut 1,000 jobs amid challenges to e-commerce site

Ebay says staffing and costs have outpaced growth as it joins Amazon, Google, Meta, and other platforms in shedding jobs

Ebay will cut about 1,000 jobs, or 9% of its full-time employees, and reduce work for outside contractors, saying staffing and costs have outpaced growth. The online e-commerce company said it needs to be “more nimble” in the face of a “challenging” economic environment. The shares gained slightly in New York trade.

“While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business,” the company said in a statement.