eBay to cut 1,000 jobs as expenses outpace revenue growth
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eBay has announced its decision to eliminate 1,000 jobs, which makes up 9% of its full-time workforce. The move will also reduce work for external contractors. This decision comes as the e-commerce giant acknowledges that its staffing and expenses have grown faster than its business. With this, eBay joins more than 60 tech companies, including Amazon and Google, that have fired almost 11,000 employees so far this year.