eBay announced that it is cutting about 800 jobs from its global staff. "We are taking steps to reinvest across our business and align our structure with our strategic priorities, which will affect certain roles across our workforce," the retailer said in a statement as reported by Bloomberg. This move will see about 6 percent of eBay's current full-time workers laid off. Bloomberg noted that eBay would continue hiring in "key areas" but did not specify what those fields are.
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The report pointed out how birth rates in the U.S. have been below the minimum replacement rate since 2008, meaning that the bulk of population growth since then has been the result of immigration. This has proved especially true for the country’s labor force. Nearly 80% of immigrants are of working age, according to the Census, and they account for 19% of the workforce, around 33 million people.