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ONLINE RETAILER EBAY IS CUTTING 1,000 JOBS. IT’S THE LATEST TECH COMPANY TO REDUCE ITS WORKFORCE

Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce, saying its number of employees and costs have exceeded how much the business is growing in a slowing economy. It marks the latest layoffs in the tech industry.

CEO Jamie Iannone said

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