eBay to cut 7% of staff
eBay said it will cut over 2,400 positions, representing about 7% of its total workforce, the e-commerce firm said on Wednesday.
eBay Inc.
$50.39
11:19 19/04/24
0.88%
$0.44
Nasdaq 100
17,037.65
12:15 19/04/24
-2.05%
-356.67
The firm posted fourth-quarter earnings of 90 cents per share, up from 81 cents a share in the year-earlier period, while revenue rose to $4.92bn from $4.53bn in the corresponding period 12 months ago. Wall Street analysts had expected the company to deliver quarterly earnings per share of 89 cents on $4.93bn in revenue.
The firm has also announced plans to place Carl Icahn’s pick to its board of directors.