eBay ($EBAY (+0.56%) ) is planning, due to rising costs, to cancel 1,000
jobs (9% of full-time employees). CEO Jamie Iannone mentioned "organizational changes" to improve the customer experience.

Employees were asked to leave on January 24 to work from home to be informed about possible layoffs via Zoom.

This measure follows a trend in the tech industry, where Google ($GOOGL (-0.6%) ) and Duolingo have also announced job cuts due to their "increased focus on artificial intelligence".

So far in the year 2024 about 11,000 tech employees at 63 companies will be laid off, according to Reuters.