Online retailer eBay to lay off 1,000 workers, firm says in letter to employees

Announcement by CEO Jamie Iannone follows wave of cuts in US tech after heavy hiring during pandemic

The online retailer eBaywill cut about 1,000 roles, or an estimated 9% of its current workforce, the company has said.

While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business," the eBay chief executive, Jamie Iannone, said in a letter to employees.