eBay Lays off 300 Employees in the Bay Area

The San Francisco Bay Area is being hit hard with layoffs from different companies, especially in the tech industry. Today, you can add eBay to the list of those companies.

According to the San Jose Mercury News, the online marketplace giant is preparing to lay off around 300 jobs in the Bay Area. About 200 of those jobs are out of San Jose.

According to a filing made to the state's Employee Development Department, the company says it plans to make the cuts by July 20. The company already notified the employees who would be laid off from the company.

In a notice to the EDD, the eBay employment counsel Amir Vonsover said a few weeks ago, "We [eBay) will conduct a mass layoff."

These layoffs follow in the wake of eBay laying off a bunch of employees in their Portland, Oregon office just last month. The company said that is a part of a global workforce reduction strategy, saying in that statement at that time to Oregon Live, "We are sharpening our focus on priority initiatives, aligning our workforce with these initiatives, and reducing our global workforce by a low single digit percentage."

Since the end of 2017, the company has employed over 14,100 people all around the world. Now that eBay is making these playoffs, it almost looks like they're trying to cut their numbers in half, especially with competition coming from other sites, like Amazon or Etsy.

Unfortunate that this happened to a bunch of good employees at the company, but just like any company, it happens, and I hope these employees find good paying work elsewhere either in the US or around the world. As for eBay, they have their work cut out for him and we'll see if they can stay afloat with all this competition rising up to challenge them.