eBay to cut 9% of workforce in strategic operational push, Reuters reports

Investing.com -- eBay Inc (NASDAQ:EBAY) plans to reduce its workforce by approximately 9% as the online marketplace seeks to streamline operations and reallocate resources toward higher-growth initiatives, according to an internal employee memo reviewed by Reuters. A company spokesperson confirmed the job cuts to Reuters on Wednesday, marking the second major round of restructuring for the e-commerce platform this year.