Skip to main content

eBay to cut 1,000 jobs: Read CEO’s note to employees

Tech companies continue to announce layoffs, with eBay being the latest to join the list. CEO Jamie Iannone revealed that close to 1,000 jobs, approximately 9% of the workforce, will be cut. These layoffs are part of eBay's efforts to better position the company for long-term, sustainable growth and to address the challenges posed by the macroeconomic environment.

Tech companies continue to announce layoffs, with eBay being the latest to join the list. CEO Jamie Iannone revealed that close to 1,000 jobs, approximately 9% of the workforce, will be cut. These layoffs are part of eBay's efforts to better position the company for long-term, sustainable growth and to address the challenges posed by the macroeconomic environment. from Times of India https://ift.tt/GZX5JgY

Comments

Popular posts from this blog

Airtel-Tata DTH merger talks fail, Airtel informs BSE

Bharti Airtel and Tata Group have called off their discussions to merge Airtel Digital TV and Tata Play due to unresolved issues. The proposed deal, aimed at combining the two loss-making DTH operations, involved a share swap where Airtel would potentially hold a majority stake. Bharti Airtel and Tata Group have called off their discussions to merge Airtel Digital TV and Tata Play due to unresolved issues. The proposed deal, aimed at combining the two loss-making DTH operations, involved a share swap where Airtel would potentially hold a majority stake. from Times of India https://ift.tt/gt5oqs7

Delta, United & others sue cybersecurity firm for over $2 bn in damages

Following the loss incurred by Crowdstrike’s faulty update in July, which resulted in significant financial damage to shareholders and lawsuits from customers, Delta Airlines, one of the affected companies, is planning to file a class-action lawsuit against the cybersecurity firm. The airlines seeks compensation of up to $500 million from both Crowdstrike and Microsoft, as disclosed in the company’s filing with the US Securities and Exchange Commission (SEC). Following the loss incurred by Crowdstrike’s faulty update in July, which resulted in significant financial damage to shareholders and lawsuits from customers, Delta Airlines, one of the affected companies, is planning to file a class-action lawsuit against the cybersecurity firm. The airlines seeks compensation of up to $500 million from both Crowdstrike and Microsoft, as disclosed in the company’s filing with the US Securities and Exchange Commission (SEC). from Times of India https://ift.tt/wetNQs7

WWDC 2025: Apple employee protests during event; unzips his jacket to ....

An Apple employee disrupted the WWDC keynote, protesting during Craig Federighi's presentation. The protester displayed a keffiyeh and employee badge while shouting inaudibly before being escorted off stage. This incident follows similar protests at Microsoft's Build conference, highlighting growing internal dissent within tech companies regarding ethical responsibilities. The disruption, captured on video, has sparked discussion on social media. An Apple employee disrupted the WWDC keynote, protesting during Craig Federighi's presentation. The protester displayed a keffiyeh and employee badge while shouting inaudibly before being escorted off stage. This incident follows similar protests at Microsoft's Build conference, highlighting growing internal dissent within tech companies regarding ethical responsibilities. The disruption, captured on video, has sparked discussion on social media. from Times of India https://ift.tt/zDP59ai