E-Bay lays off 500 employees due to adverse economic conditions

E-Bay lays off 500 employees due to adverse macroeconomic conditions amounting to 4% of its workforce

Image Source by GOOGLE

[{"selector":"#anim-91331dad-4750-44a3-944e-26e81b6926bc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ddf6b7a4-630d-4623-a360-7888c866215d","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-228d3404-5113-4d4c-820a-fe8832818e5c","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Source by GOOGLE Jamie Iannone, CEO of eBay, has confirmed the news to its employees over internal communications

[{"selector":"#anim-1fe371eb-0122-4e53-b271-0bd712581b3c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.097326113699747%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-70e7c302-ca6d-4788-a475-f739053cc000","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0133cb85-e705-4bd4-a035-cee8b3b822f1","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Source by GOOGLE The CEO has gone on to say that the workforce restructuring will improve the customer experience as well

[{"selector":"#anim-bc2a0caa-e648-420a-98eb-ab37bf394e6d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-22.935534127593822%, -0.19475754879699403%) scale(1.462962962962963)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-e8a031ac-79b1-4428-9248-e5ef8a172ea9","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f3d9097f-ee89-47c6-bf7e-54fcb9e19d75","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Source by GOOGLE New tech and role implementation remains the company’s focus centered around customer experience, as per the CEO

[{"selector":"#anim-aac1cdd0-2af2-48d8-bf9f-e374b5a98b39 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(5.664669130980185%, -20.226871028819993%) scale(1.4854368932038835)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-0fec595e-2a99-4faf-9973-6d99c5f2b994","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-85c4fab6-be8c-4772-bea7-65e7117ceed2","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Source by GOOGLE Yuan also said that he is reducing his salary for the coming fiscal year by 98 per cent and foregoing his FY23 bonus

[{"selector":"#anim-7b73bef2-1916-4f74-b531-e905cc95a27f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-19.312329360967215%, -20.149095503378515%) scale(1.4854368932038835)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-170b0152-633a-4945-9d45-5ab444a49679","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-ae4d3e83-1092-44b3-a59c-b06e59c4b2f7","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Source by GOOGLE Towing similar lines, visual communication company Zoom has also laid off 15% of its employees for simila r reasons

[{"selector":"#anim-20e149c1-96df-4ef9-b1b5-34fb2e117b95 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.736111580762291%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ffa6df28-d83e-4268-bb6c-fda22bfe84be","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9bbce0f8-98f1-4868-bb89-a19e55c0cda2","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Source by GOOGLE Most e-commerce companies have been restructuring its workforce after a profitable time during the pandemic

[{"selector":"#anim-ba449246-2cc2-490b-9a7b-11e943e1d07e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(4.929938918712001%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-56101140-1f05-49b6-9776-f3e338bb4757","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a6539efe-c7b5-4c54-be11-dce5bec16320","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Source by GOOGLE E-Bay has confirmed that the decline in Sales in the last few quarters has been the primary reason for lay-offs

If you LIKE our work Please SHARE

[{"selector":"#anim-b2f5cdbf-f894-45a0-ae6e-d7fcc6d51a36 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.7339362647608922%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Next Story

E-Bay lays off 500 employees due to adverse macroeconomic conditions amounting to 4% of its workforce

If you LIKE our work Please SHARE

If you LIKE our work Please SHARE

Please visit our next story