LONDON (NEWSnet/AP) — Online retailer eBay Inc. will cut about 1,000 jobs, an estimated 9% of its full-time workforce.

CEO Jamie Iannone said in a message to employees on Tuesday that the company also will reduce how many “contracts we have within our alternate workforce over the coming months.”

Employees affected by the layoff will be notified through Zoom calls with their bosses, Iannone said, requesting that people work from home Wednesday to allow privacy for those conversations.

“We need to better organize our teams for speed — allowing us to be more nimble, bring like-work together, and help us make decisions more quickly,” he said in the note, which was posted online. “These changes are difficult, but I’m confident that by working together we will become stronger than ever.”

San Jose, California-based eBay is the latest tech company to announce layoffs.

On Jan. 10, Amazon said it is cutting several hundred positions in it Prime Video and MGM Studios units.

A day later, Google announced a layoff of hundreds working on its hardware, voice assistance and engineering teams.

On Tuesday, TikTok said it will shed dozens of workers in ads and sales.

IBM, Meta, Microsoft and Spotify also recently purged employees.

The head of eBay pointed to those concerns in the need to trim its workforce: “Despite facing external pressures, like the challenging macroeconomic environment, we know we can be better with the factors we control,” Iannone said.

Follow NEWSnet on Facebook and X platform to get our headlines in your social feeds.

Copyright 2024 NEWSnet and The Associated Press. All rights reserved.