E-commerce firm eBay Inc (EBAY.O) said on Tuesday it will lay off 500 employees globally, representing 4 percent of its total workforce. Shares of the San Jose, California-based company rose about 1 percent in aftermarket trade.
"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.
(Edited by : Sangam Singh)
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