EBay restructuring worldwide, cuts jobs

Competition

EBay Inc is restructuring its operations worldwide which will lead to a small cut in global staffing levels but with some countries hit harder than others, a company spokeswoman said on Thursday.

“It's less than 1% globally,” Sravanthi Agrawal told Reuters, adding the main regions and countries affected by the online auctioneer's job cuts were in North America, Belgium, Spain and Austria.

“We shared the news with the employees internally,” she said, adding the company had not yet made an announcement to the media. “It's a globalization and centralization effort.”

EBay's restructuring was aimed at refocusing on its core business, Agrawal said. (Reuters)

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