SAN JOSE — E-commerce giant eBay has chopped hundreds of jobs in San Jose and the Bay Area as part of a worldwide winnowing of about 1,000 positions.
The San Jose-based tech titan is cutting about 9% of its workforce and also intends to reduce work for outside contractors.
“While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business,” CEO Jamie Iannone wrote in an open letter on Tuesday to the company’s workforce. At the end of September 2023, eBay had 132 million active buyers, down 3% from the same period in 2022.
eBay said it slashed 391 jobs in the Bay Area, affecting workers at its San Jose headquarters campus and an office tower in San Francisco. The layoffs also include remote workers in California who report to one of the two affected Bay Area locations.
“eBay Inc. will conduct a mass layoff at the following campuses: 2025 Hamilton Avenue in San Jose and 300 Mission Street in San Francisco,” Angela Corridan, an eBay global employment legal official wrote in a WARN letter filed with the state Employment Development Department.
Here are the details of where layoffs are occurring in the Bay Area and how many workers are being affected:
— San Jose. At least 260 workers who are based at the company’s San Jose campus are losing their jobs.
— San Francisco. An estimated 20 workers will be cut.
— California remote workers. About 111 of these employees are losing their positions.
The WARN letter dated Tuesday didn’t specify the Bay Area locations to which the remote workers reported.
The announcement marks the second round of job reductions at eBay in a year. The online marketplace in February 2023 said it would cut about 500 employees, or about 4% of its workforce, citing a slowdown in consumer spending following the pandemic-fueled e-commerce boom.
eBay joins more than 60 other tech companies, including Amazon.com Inc. and Google parent Alphabet Inc., that have let almost 11,000 employees go so far this year, according to Layoffs.fyi, which tracks tech industry job cuts.
All told, tech companies have decided to slash more than 2,600 Bay Area jobs — with January still not complete, according to disclosures that were filed so far in 2024 with the state.
For years, eBay has been losing market share to bigger rivals such as Amazon and Walmart Inc. and has been gradually selling pieces of the company. Company leaders have begun to scout for niches for the site, such as luxury watches and collectibles, as well as highlighting refurbished items to appeal to cost-conscious shoppers.
In February 2023, eBay revealed that it had decided to cut 184 jobs, affecting workers in San Jose and San Francisco, according to a WARN notice.
The latest round of job cuts in the Bay Area went into effect on Tuesday, according to the WARN notice.
“The layoffs are scheduled to begin on January 24, 2024,” eBay executive Corridan wrote in the WARN letter to the EDD. “This action is expected to be permanent. No affected employee has any bumping rights.”
Bloomberg News contributed to this report.
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