> EBay to lay off 9% of workforce in push to simplify operations, internal memo shows

Oct 21 (Reuters) - EBay (EBAY.O), opens new tab will lay off about 9% of its ​workforce as the online marketplace looks to simplify operations and shift ‌resources to its fastest-growing areas, CEO Jamie Iannone told staff in a memo that was reviewed by Reuters.

A spokesperson for eBay confirmed the layoffs to Reuters on ​Wednesday, saying the move will eliminate around 10,000 jobs.

The company had 120,300 ​employees at the end of last year. It also let ⁠go about 6% of its workforce, or 8000 employees, in February as ​part of efforts to streamline operations.

EBay has set itself apart from rivals by ​pushing into authenticated luxury goods, collectibles and refurbished products, which draw enthusiasts willing to pay more for valuable items. That has helped its shares rise nearly 90% this ​year, outperforming the benchmark S&P 500's around 12% gain.

"Our strategy is ​working," Iannone said in the memo, adding that "continuing to capture the significant opportunity ahead requires ‌us ⁠to make thoughtful choices about where we focus and invest."

He said affected staff would be informed in the coming days.

Shares of eBay rose about 1% in early trading.

https://www.reuters.com/business/world- … 026-10-21/