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Ebay To Fire 500 Employees

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eBay announces plan to cut 500 jobs, or 4% of its workforce.

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Shares of eBay up slightly in extended trading.

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CEO Jamie Iannone cites examination of global macroeconomic environment as reason for cuts.

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Cuts aimed at delivering better experiences for customers and focusing on high-impact areas.

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Company plans to invest in new technologies, customer innovations, and key markets.

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CEO Iannone says affected employees will be informed in the next 24 hours.

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eBay's job cuts are part of the latest round in the tech industry.

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Other tech companies like Zoom, Google, Microsoft, and Salesforce have also announced job cuts.

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Zoom plans to cut around 1,300 jobs.

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Google, Microsoft, and Salesforce have announced plans to lay off over 29,000 workers combined.

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