(Bloomberg) EBay Inc. posted a strong holiday quarter, giving investors fresh hope that the company can boost profits following steep job cuts.Most Read from BloombergApple to Wind Down Electric Car Effort After Decadelong OdysseyA Spike in Heart Disease Deaths Since Covid Is Puzzling ScientistsOffice Tower Deal for $1 Reveals Anxiety Among Longtime BuyersNigeria Delivers Jumbo Rate Hike to Aid Its Battered NairaNvidia’s $70 Million Florida Supercomputer Hobbled by DeSantis LawThe company als
EBay Inc.’s stock was up 5.5% in extended trading Tuesday after the online marketplace delivered quarterly results that topped analysts’ estimates and issued.
There have been increasing job cuts since 2023 which have continued into 2024. In 2023, over 240,000 jobs were lost, which was a 50% increase from the previous year. Despite some earlier slowdowns in tech layoffs, it seems that cuts are starting up again. Tech companies are now focusing more on efficiency rather than growth, and they are reducing their workforce due to the challenging market conditions. Here are all the job cuts that happened in the tech industry in January 2024.
The corporate world has been marked by a wave of layoffs. Sudden workforce reduction carries a more personal impact the erosion of a sense of belonging.