Justgototheeffinmoon's journey

Today, I learned that eBay is cutting about 9% of its workforce, which is a significant move as it's their second major layoff round this year. Earlier in February, they reduced their staff by 6%, impacting roughly 800 jobs. CEO Jamie Iannone communicated this in an internal memo, stating that the company needs to make 'thoughtful choices' to focus on their strategy and investments. It's surprising because eBay's shares have actually risen nearly 40% this year, which is much better than the S&P 500. They seem to be doing well with their push into luxury goods and collectibles, especially after acquiring the resale platform Depop. I’m curious about how this will affect the remaining employees and the overall company culture moving forward.