EBAY CEO, Jamie Iannone, has announced significant changes to the company’s workforce in an effort to ensure long-term, sustainable growth. In a note to eBay’s internal workforce, Iannone outlined the need for organizational changes to better position the company for the future.

According to Iannone, eBay plans to reduce its current workforce by approximately 1,000 roles, which represents an estimated 9% of full-time employees. In addition, the company intends to scale back the number of contracts within its alternate workforce over the coming months.

While acknowledging the impact these decisions will have on employees, Iannone emphasized the necessity of these changes in light of the company’s need to better align with its overall strategy and control expenses. The goal is to improve the end-to-end experience for customers and better meet their needs globally.

Leaders at eBay will be communicating the news directly to affected employees, and a consultation process will be initiated in areas where necessary. The company has also requested all U.S. employees to work from home on January 24th to allow for privacy during these conversations.

Despite the challenges posed by these changes, Iannone expressed confidence in eBay’s ability to emerge stronger, emphasizing the importance of working together to navigate the transition.