eBay to cut ~500 jobs (~4% of workforce) in restructuring

EBAY INC

CEO Jamie Iannone announced the elimination of approximately 500 roles, about 4% of eBay's global workforce.
Layoffs are part of a strategic shift to focus on growth, trusted marketplace, and new technologies amid macro headwinds.
Savings will be reinvested in high-potential areas such as new tech, customer innovations, and key markets.
Affected employees will receive transition packages including severance and incentive payments.

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