EBay to lay off 1,100 employees in 2nd round of layoffs this year: Report

EBay plans to lay off around 9% of its workforce, or 1,100 employees, as it simplifies operations and focuses on faster-growing business areas, CEO Jamie Iannone told staff. The job cuts are based on the company's 12,300 employees at the end of last year. eBay had already laid off about 800 employees, or 6% of its workforce, in February.