eBay cutting almost 10% of Israeli workforce in second round of layoffs this year
eBay cutting almost 10% of Israeli workforce in second round of layoffs this year
The e-commerce giant is laying off around 20-25 of its 250 employees in Israel after already firing dozens in February
E-commerce giant eBay is laying off around 20-25 of its 250 employees in Israel, Calcalist has learned. The layoffs aren’t connected to the current war in Israel and are part of a global reorganization.
This is the second round of layoffs at eBay Israel this year. In February, eBay announced that 500 employees globally, representing 4% of its total workforce, will be laid off. The cutbacks included dozens of employees at eBay’s R&D center in Israel, which was set up in 2005 following the acquisition of shopping.com for $620 million.
eBay followed up that acquisition with the purchase of Fraud Sciences in 2008 for $169 million through PayPal, The Gifts Project in 2011 for $30 million, CySense in 2015 for $60 million through PayPal, and SalesPredict in 2016 for $40 million.
