Ebay LayOff: By the beginning of February, till now many big companies have decided to lay off thousands of employees and now Ebay’s name has also been added to this race. Let us tell you that the company has decided to lay off 500 employees.
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One after the other, many tech and IT companies have made a big announcement to sack thousands of employees. Let us tell you that now the e-commerce site Ebay Very soon 500 employees are also going to be shown the way out of the company. Please tell that this is 4 percent of the total workforce of the company.
The company’s Chief Executive Officer Jamie Iannone said that in view of the worldwide macroeconomic situation, a major decision has been taken to lay off. eBay CEO Jamie Iannone said in a recent statement that it was also necessary to do this for long-term sustainable growth.
E-commerce company eBay says that after an epidemic like Kovid 19, it has been seen that there has been a huge decrease in sales due to people not buying more goods on our platform. You can also see it in this way that due to less shopping on eBay by people, the company has to take a big decision like retrenchment.
Let us tell you that due to struggling with the economic conditions, now eBay has also decided to sack its employees. It is being said that due to Kovid 19, people had postponed activities like traveling and dining, due to which now people are again shifting towards these things, due to which the company has been profitable for the last 6 quarters. There is a decline in sales.
Bloomberg Intelligence analysts Poonam Goyal and Abigail Gilmartin said in a note that the reduction in workforce may be aimed at streamlining operations and making room for new investments to expand the platform’s capabilities. .
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Source: www.tv9hindi.com”