eBay beats profit and revenue estimates, announces approximately 9% workforce reduction
EBAY EBay Inc
$120.97 -0.81%
View chart & analysis → - 1eBay's Non-GAAP EPS of $1.51 and revenue of $3.206 billion exceeded expectations.
- 2eBay recorded a year-over-year profit growth rate of 13.5%.
- 3eBay announced it will reduce its workforce by approximately 9% to secure growth drivers.
So what's the key point?
What is the main point? eBay earned more money than experts expected. The company decided to reduce its number of employees by 9% to pursue growth.
Source Earnings Whispers +1 · View original ↗
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