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- eBay is laying off 1,000 employees — about 9% of its workforce.
- CEO Jamie Iannone announced the cuts Tuesday in a memo sent to staff, shared on its website.
- The online retailer blamed the move on headcount and expenses outpacing the growth of its business.
eBay is cutting 1,000 jobs — a reduction of about 9% of its workforce.
CEO Jamie Iannone told employees in a memo Tuesday that it would make the latest round of layoffs so it could be "more nimble."