eBay plans to cut 1,000 jobs, reduce contractors to sharpen focus

EBay Inc. will cut about 1,000 jobs, or 9 per cent of its full-time employees, and reduce work for its outside contractors, saying its staffing and expenses have outpaced growth.

The e-commerce company said it needs to be “more nimble” in the face of a “challenging” economic environment.

“While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business,” the San Jose, California-based company said Tuesday in a statement. “To address this, we’re implementing organizational changes that align and consolidate certain teams to improve the end-to-end experience, and better meet the needs of our customers around the world.”