Tech companies noker kapat suruch, jhumantar ebay also laid off 500 employees
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Pudhari Online Desk : Kovid epidemic, the recession that came after the Russo-Ukraine war has hit the region the most. Nauker kapat suruch ahe in companies. Zoom Text E-commerce company eBay has announced 500 employee cap. eBay is going to lay off 500 employees. The same number is 4 percent of the total number of employees of eBay.
The company has announced on Tuesday that it is going to cut jobs to increase efficiency by reducing expenses. Tech companies are facing huge losses due to the recession in the tech sector. Tech companies are currently pushing non-employees to bring the resulting losses to automation and reduce costs. We can say that it started with Twitter’s servant Kapati. A few months ago, Tesla chief Elon Musk took over Twitter. Later, to reduce the expenses, he cut more than 50 percent of the employees from the company. After that companies like Google, Amazon, Microsoft, Facebook Meta etc also laid off their jobs. Same comes with the inclusion of Zoom and eBay. Or both the companies announced job vacancies on Tuesday.
Jhoomne has announced to cut 1300 employees, as well as the CEO himself is going to cut 98 percent of his salary.
eBay’s CEO said in his message to employees, that the layoff will give us additional room to invest in more high-potential areas like innovation, technology, customer innovation and building key markets.
In which areas does eBay company expand?
eBay Inc. Ltd. is an e-commerce company founded in 1995 and headquartered in San Jose, California. They operate online marketplaces that enable users to buy and sell goods and services to each other. eBay’s platform offers customers a diverse range of products including electronics, fashion items and household goods.
eBay’s platform operates on a unique auction-style format, allowing users to bid on items or buy them for a fixed price. The company also offered a “Buy It Now” option, allowing users to buy the set pricey item without bidding. In addition to online marketplaces, eBay operates a number of other businesses, including the classifieds site Kijiji and the online payment service PayPal. Over the past few years, eBay has faced intense competition from outside.
er e-commerce companies and marketplaces, including Amazon and Alibaba. Not immune to challenges, the company continues to grow by expanding its product offering and exploring new markets around the world. Over the past year, eBay has also invested in artificial intelligence and machine learning to enhance the buying experience for its customers.
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