THE eBay Inc is to cut around 1,000 jobs, roughly 9% of its workforce, the e-commerce giant announced Tuesday

“Although we are making progress (…) our headcount and expenses are outpacing the growth of our business,” said the company’s president and CEO. Jamie Iannone in his letter to the employees.

“To address this, we are implementing organizational changes that will align and merge certain teams to improve the (each customer) experience across the spectrum and more adequately meet the needs of our customers around the world,” he added. .

The Job cuts at eBay they follow the massive wave of layoffs from tech companies in 2023 — mostly at Amazon, Meta (Facebook, Instagram), Alphabet (Google, YouTube), Microsoft and its LinkedIn affiliate.

In addition to the job cuts, eBay management also plans to reduce the number of outsourcing contracts, Mr. Iannone said in his letter.