Item 7.01. Regulation FD Disclosure.
On
Team,
Over the past few months, we've taken a thoughtful look at where we are as a
company with considerations of the macroeconomic situation around the world and
how to best invest and operate so that we can continue to be successful. To
create long-term, sustainable growth for
As a result of these considerations and our future-forward plans, I have some hard news to share. Over the next 24 hours, we'll be letting approximately 500 employees globally know that their jobs will be eliminated. This number represents about 4% of our total employee base. In some locations, the notifications are proposals subject to consultation as required by applicable law.
There is no easy way to communicate this - but I do want to share with you why we are making this decision, and where we're headed next.
Today's actions are designed to strengthen our ability to deliver better end-to-end experiences for our customers and to support more innovation and scale across our platform. They also help us make sure we're concentrating on where we can make the biggest impact, including expanding Focus Categories, creating trusted experiences and investing in new technologies.
Importantly, this shift gives us additional space to invest and create new roles in high-potential areas - new technologies, customer innovations and key markets - and to continue to adapt and flex with the changing macro, ecommerce and technology landscape. We're also simplifying our structure to make decisions more effectively and with more speed.
On a more personal note, I want to acknowledge that while these actions will
move our business forward, they also affect our colleagues. For those directly
impacted by these changes, I know this news is particularly difficult. Thank you
for your incredible talent, passion, and achievements to help get us to where we
are today. I'm so grateful for the impact that you made at
While today's actions are not easy, I know this team will come together to support each other as eBayers always do. The dedication and commitment that you all bring every day on behalf of our customers - and each other - inspires me every day. I look forward to the opportunities for growth and innovation in our future.
Jamie
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. The following materials are attached as exhibits to this Current Report on Form 8-K: Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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