Shares of the San Jose, California-based company rose about 1% in aftermarket trade.
“This shift gives us additional space to invest and create new roles in high-potential areas – new technologies, customer innovations and key markets,” said Jamie Iannone, Chief Executive Officer of Ebay in a message to employees.
A raft of U.S. companies from Goldman Sachs Group Inc (NYSE:GS) to Alphabet (NASDAQ:GOOGL) Inc have laid off thousands this year to ride out a demand downturn wrought by high inflation and rising interest rates.
Source: Economy - investing.com
