eBay will lay off 500 employees

E-commerce firm eBay Inc said on Tuesday it would lay off 500 employees globally, which is 4% of its total workforce. Shares of the San Jose, California-based company rose about 1% in aftermarket trade. “This change gives us additional space to invest and create new roles in high-potential areas – new technologies, customer innovations and […]

Amazon CEO says job cuts are for more than 18,000 roles

Amazon.com Inc’s layoffs will now spread to more than 18,000 roles as part of headcount reductions that were previously disclosed, Chief Executive Officer Andy Jassy said in a public employee note on Wednesday. He said the layoff decisions, which Amazon will begin on January 18, will impact the company’s e-commerce and human-resource organizations to a […]