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# E-commerce firm eBay to lay off 500 employees globally, representing 4% of its total workforce
- URL: https://www.techloy.com/ebay-to-lay-off-500-employees-globally/
- Published: 2023-02-09T18:04:23.000Z
- Updated: 2023-02-09T18:04:23.000Z
- Author: Emmanuel Oyedeji
- Tags: / News, Tech Layoffs

E-commerce giant, eBay has announced a plan to cut 500 jobs, a decision it says became necessary in the face of the “macroeconomic situation”, according to a US Securities and Exchange Commission (SEC) ****[filing](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001065088/000155278123000042/e23053%5Febay-8k.htm)** released by the company.

The layoffs, according to the company, represents 4% of its total workforce across the world.

eBay Chief Executive Officer, Jamie Iannone, said the shift will give the company additional space to deliver better end-to-end experiences for its customers and support more innovation and scale across its platforms. Also to continue to adapt to the changing macro e-commerce landscape.

eBay now joins the list of technology companies in a new wave of massive layoffs in the tech industry in 2023\. [Microsoft](https://www.techloy.com/microsoft-to-axe-thousands-of-jobs/), [Alphabet](https://www.techloy.com/alphabet-google-confirms-12000-job-cuts-january-2023/), [SAP](https://www.techloy.com/sap-layoffs/), [IBM](https://www.techloy.com/ibm-cuts-3-900-jobs/), [Spotify](https://www.techloy.com/spotify-announces-layoffs-impacting-6-percent-of-global-workforce/), [Amazon](https://www.techloy.com/amazon-to-cut-over-18-000-jobs/), [Philips](https://www.techloy.com/philips-to-lay-off-6000-employees/), [Salesforce](https://www.techloy.com/salesforce-layoffs/), [PayPal](https://www.techloy.com/paypal-to-cut-2000-jobs-globally/), and other tech companies have confirmed plans to reduce headcounts in 2023.