On Tuesday, EBay announced it is laying off 1,000 employees, citing a slow-down in growth. Matt Slocum/AP
Matt Slocum/AP
Online retailer eBay is shedding 1,000 jobs, or about 9% of its workforce, as the company faces a business slowdown that is rippling across the technology industry.
In a blog post, eBay CEO Jamie Iannone wrote that the size of the company’s staff and its expenses “have outpaced the growth of our business,” which he said prompted the terminations.
In addition, eBay is ending
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