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eBay headquarters entrance location at 2025 Hamilton Avenue in San Jose.
SAN JOSE – eBay has announced plans to eliminate nearly 200 Bay Area jobs, a series of devastating cuts that will add to a mountain of local cuts by tech and biotech companies, a filing with state officials showed Tuesday.
The online auction and e-commerce company said layoffs are planned to affect eBay employees in San Jose and San Francisco.
Beginning Tuesday, eBay officially issued a WARN notice to the state Department of Employment Development.
eBay said in a Feb. 7 WARN letter that it has decided to cut 185 jobs at the company’s headquarters in San Jose and San Francisco, as well as an outpost in San Francisco.
The tech titan did not say how many jobs would be lost in San Jose and how many in San Francisco.
“All affected employees will receive more than 60 days advance notice or pay in lieu of notice,” eBay said in a WARN letter sent to EDD.
The filing said the filing will take place at Ebi’s campus on Hamilton Avenue in South San Jose and corporate space at the San Francisco Tower on Mission Street.
Tech and biotech companies have eliminated or plan to cut more than 19,000 jobs in the Bay Area by mid-2022, according to a news organization review of WARN letters and other documents.
“This action is expected to be permanent,” eBay wrote in a WARN notice to EDD. “No injured worker has any right to interference.”
These Bay Area job cuts are part of the company’s decision to eliminate 500 jobs worldwide, or about 4% of eBay’s workforce, the tech titan said in a filing with the Securities and Exchange Commission.
The statements show that 37% of the job cuts are occurring in the Bay Area.
“Over the past few months, we’ve taken a careful look at our position as a company, taking into account macroeconomic conditions around the world and how we can best invest and be productive,” Jamie Iannone, eBay’s CEO, said in a letter to employees the company filed with the SEC. .
San Jose-based eBay must “evolve to enable long-term sustainable growth,” Iannone said in a letter to employees.
An important element of the resignation is the company’s evolutionary goal, the CEO wrote in a letter to employees.
“Today’s actions are designed to strengthen our ability to deliver better end-to-end services to our customers and support further innovation and scalability across the platform,” Iannone said.
eBay’s CEO said the company should focus its efforts on areas where it can have the greatest impact.
“This shift gives us more room to invest in high-potential areas – new technologies, customer innovations and key markets – and to adapt and adapt to the changing macro, e-commerce and technology landscape,” Iannone wrote. In the letter to eBay employees.
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