SAN JOSE, Calif. - More tech layoffs are ahead.

EBay, based in San Jose, announced this week it's cutting 500 jobs, approximately 4% of its workforce. And, 1,300 jobs are inhabit cut at Zoom, also based on San Jose. That's 15% of its workforce.

The matter CEO said the decision was made after  "looking at the matter landscape," and that job cuts will actually strengthen eBay's sect to deliver better experiences to customers".

Instead, eBay will progresses its resources toward areas like new technologies and customer innovations.

Zoom's CEO said, just like the rest of the earth, the company has to adjust to "life after the pandemic" and an "uncertain global economy." 

During the pandemic, Zoom hired more people, with many working from home.

The CEO also cut his salary by 98% and won't get a bonus.

These layoffs behindhand similar job cuts at Twitter, Google, PayPal, Meta, Microsoft, Salesforce and Amazon, to name a few.