eBay to cut 9% of staff

eBay plans to lay off approximately 9% of its employees, around 1,100 jobs, in a move aimed at streamlining its operations and shifting resources toward its fastest-growing activities, particularly in luxury and new goods trading. This step comes after a previous 6% layoff in February and is driven by a strategy to increase profits, with expectations of better financial results for the third quarter, despite the company's stock falling by 1.8% before the market open. Additionally, the company benefited from a $1.4 billion acquisition deal of a fashion resale platform to strengthen its position and expand its customer base.

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