(Reuters) -eBay Inc will minimize about 1,000 roles, or an estimated 9% of its present workforce, the e-commerce retailer stated on Tuesday.

“Whereas we’re making progress in opposition to our technique, our total headcount and bills have outpaced the expansion of our enterprise,” eBay (NASDAQ:) CEO Jamie Iannone stated in a letter shared with staff.

“To handle 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 around the globe.”

The job cuts observe a wave of U.S. tech layoffs after the trade employed closely throughout the pandemic, together with amongst behemoths akin to Amazon (NASDAQ:) and Google (NASDAQ:).

Along with the job cuts, the corporate may even reduce the variety of contracts inside its various workforce over the approaching months, Iannone added within the word.

Final February, eBay introduced plans to put off 500 staff globally, representing 4% of its complete workforce.