Crew,
We’re on a path to constructing a stronger eBay for the long run — one that’s rising, and resilient within the face of any problem. Over the previous three years, we made basic modifications in our experiences throughout classes and accelerated the tempo of innovation at eBay. In areas the place we’re investing, we’re seeing constant will increase in buyer satisfaction and a significant enchancment in our progress relative to the market.
Our technique is the fitting one, however there may be extra we will do to make sure our success. We have to higher set up our groups for velocity — permitting us to be extra nimble, deliver like-work collectively, and assist us make selections extra shortly. At present, I’m sharing information about modifications we’re implementing to higher place eBay for long-term, sustainable progress.
Probably the most vital and hardest of those selections is to cut back our present workforce by roughly 1,000 roles or an estimated 9% of full-time staff. Moreover, we plan to cut back the variety of contracts we’ve inside our alternate workforce over the approaching months. These are usually not actions we take flippantly — and we acknowledge the influence they may have on all eBayers. We’ve got to say goodbye to individuals who have made so many vital contributions to the eBay group and tradition, and this isn’t simple.
The Want for Change
Regardless of going through exterior pressures, just like the difficult macroeconomic setting, we all know we will be higher with the elements we management. Whereas we’re making progress towards our technique, our total headcount and bills have outpaced the expansion of our enterprise. To deal with this, we’re implementing organizational modifications that align and consolidate sure groups to enhance the end-to-end expertise, and higher meet the wants of our prospects world wide.
Subsequent Steps
Shortly, we are going to start notifying these staff whose roles have been eradicated and coming into right into a session course of in areas the place required. Leaders will talk the information immediately through Zoom, and your VP or eLT member will ship an electronic mail as soon as the notifications of their group have been accomplished.
We request that every one U.S. staff earn a living from home on January twenty fourth to offer some area and privateness for these conversations. We’re dedicated to treating everybody with respect and empathy by way of this transition and offering impacted staff with assist and assets.
Wanting Forward
These modifications are tough, however I’m assured that by working collectively we are going to grow to be stronger than ever. Within the months forward, you will notice a extra centered, agile, and responsive eBay — one that’s higher positioned to advance our function of making financial alternative for all.
Thanks,
Jamie