Headlines

Ebay to Reduce Workforce by 9 Percent

Roughly 1000 full-time employees will be affected.

Published

9 months ago

January 26, 2024

INSTORE Staff

eBay’s Canal Street Wear pop-up shop. PHOTOGRAPHY: Courtesy of eBay

Ebay (San Jose, Calif.) is planning to reduce its workforce by 9 percent, according to a company statement. This move will affect about 1000 of its full-time employees.

Additionally, says Ebay President and CEO Jamie Iannone, “…we plan to scale back the number of contracts we have within our alternate workforce over the coming months. These are not actions we take lightly — and we recognize the impact they will have on all [Ebayers]. We have to say goodbye to people who have made so many important contributions to the [Ebay] community and culture, and this isn’t easy.”

The company statement was originally sent as a memo to the company’s internal workforce Tuesday, Jan. 23, before being publicly released. Employees affected by this change are currently being notified.

You Wouldn’t Cut Your Own Hair. Why Run Your Own Retirement Sale?

After being in business for over a quarter of a century, Wayne Reid, owner of Wayne Jewelers in Wayne, Pennsylvania, decided it was time for a little “me time.” He says, “I’ve reached a point in my life where it’s time to slow down, enjoy a lot of things outside of the jewelry industry. It just seemed to be the right time.” He chose Wilkerson to handle his retirement sale because of their reputation and results. With financial goals exceeded, Reid says he made the right choice selecting Wilkerson to handle the sale. “They made every effort to push our jewelry to the forefront of the showcases,” he says, lauding Wilkerson for their finesse and expertise. Would he recommend them to other jewelers who want to make room for new merchandise, expand their business or like him, decide to call it a day? Absolutely he says, equating trying to do this kind of sale with cutting your own hair. “The results are going to happen but not as well as if you have a professional like Wilkerson do the job for you.”