eBay to Cut 1,100 Jobs,
Photo: Wilfredo Lee AP/TT

eBay to Cut 1,100 Jobs, or 9% of Its Workforce, in Second Round of Layoffs This Year

The American auction site eBay will lay off around 1,100 employees, or 9 percent of its workforce, Reuters reports.

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An eBay spokesperson has confirmed the plans, which mean the auction site is choosing to focus on its most profitable units.

The layoffs are the second round of job cuts at eBay this year. In February, the company said it would cut 800 jobs, representing 6 percent of its workforce at the time.

eBay bought the marketplace Depop earlier this year and is now facing competition from Vinted, a Lithuanian online marketplace, in the large American market.

The announcement of the new cuts comes ahead of the company’s third-quarter interim report, which is expected next week.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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