eBay is laying off 1,000 employees, about 9% of its staff | CNN Business

New York CNN  — 

eBay is cutting 1,000 roles, about 9% of its full-time employees, the company’s CEO announced online Tuesday.

The company also plans to scale back its contracts with its “alternate workforce” in the coming months.

CEO Jamie Iannone cited the “challenging macroeconomic environment” as an external pressure but added that there are factors the company can control.

“While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business. To address this, we’re implementing organizational changes that align and consolidate certain teams to

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