SAN JOSE (dpa-AFX) - In a message to employees, e-commerce company eBay, Inc.'s (EBAY) CEO Jamie Iannone said he will be eliminating about 500 employees from their jobs over the next 24 hours. This number represents about 4% of the company's total employee base.
Iannone stated that, 'To create long-term, sustainable growth for eBay, we need to evolve our organization as we take the next step in our strategy - focused on driving growth, building a trusted marketplace, empowering enthusiasts and seeding new technologies for the future.'
'Today's actions are designed to strengthen our ability to deliver better end-to-end experiences for our customers and to support more innovation and scale across our platform,' he added.
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