eBay to Lay Off 500 Employees

The eBay app is seen on a smartphone in an illustration taken on July 13, 2021. Dado Ruvic/Illustration/Reuters

E-commerce firm eBay Inc. said on Tuesday it will lay off 500 employees globally, representing 4 percent of its total workforce.

Shares of the San Jose, California-based company rose about 1 percent in aftermarket trade.