E-commerce firm eBay to lay off 500 employees

The San Jose, California-based E-commerce firm eBay will lay off 500 employees globally, representing 4 percent of its total workforce.
eBay Ship-from-Store SaaS solution launched for retailers“This shift gives us additional space to invest and create new roles in high-potential areas – new technologies, customer innovations and key markets,” said Jamie Iannone, Chief Executive Officer of Ebay in a message to employees.