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WEKU
WEKU
Business
Bobby Allyn

EBay to lay off 1,000 workers as tech job losses continue in the new year

eBay Jamie Iannone United States Amazon e-commerce
On Tuesday, eBay announced it is laying off 1,000 employees, citing a slowdown in growth. (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.

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