Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.7
EBAY INC updated its the quarter and year ended December 31, 2023 guidance (raised).
- Period
- the quarter and year ended December 31, 2023
- Guidance
- raised
- Result
- preliminary results
Exact text from the filing
On January 23, 2024, eBay Inc. (the “Company” or “eBay”) announced a restructuring plan (the “Plan”) intended to reduce operating costs, improve operating efficiency and better align the Company’s talent with its strategic priorities to drive long-term sustainable growth. In addition to this announcement, the Company confirmed that it expects that its financial results for the quarter and year ended December 31, 2023 will be at least consistent with or, in the case of some measures, slightly above, the higher end of the guidance for the quarter and year ended December 31, 2023 that was previously provided by the Company in its last earnings announcement in November 2023.
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Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.95
EBAY INC announced a restructuring with charges of $90 million to $110 million (approximately 1,000 employee roles, or 9%).
- Type
- restructuring
- Charge
- $90 million to $110 million
- Headcount
- approximately 1,000 employee roles, or 9%
Exact text from the filing
the Company currently estimates that it will incur GAAP pre-tax charges in the range of $90 million to $110 million, substantially all of which are expected to be related to severance payments and post-employment benefits
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