Times of IndiaLean R·
Ebay to cut 1,000 jobs; CEO says ‘Our strategy is working’ amid luxury push
EBay plans to eliminate approximately 9% of its workforce to simplify operations and promote growth. The company focuses on authenticated luxury items and collectables in response to market demand. Following earlier layoffs in February, EBay aims to shift resources to faster-growing sectors. EBay has recently made strategic acquisitions, including the fashion platform Depop, boosting its resale market position. The company anticipates higher third-quarter revenue, exceeding Wall Street expectat…
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