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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Home sellers are hopeful that lower mortgage rates will attract buyers, per WSJ. Daniel and Kyla Seely, a couple who listed their three-bedroom home in Newark, Ohio, in November for $324,900, are in this category. The Seelys have had no offers so far and are hopeful that declining mortgage rates will turn things around.
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