Following investor complaints about sluggish growth, EBay has announced it’s parting ways with the head of its operations in the Americas. It will also consolidate the management of its global business and trim staff.

The company will unify its international operations under a single team led by its Markets division SVP and GM Jay Lee (LinkedIn profile). He‘ll also temporarily replace Scott Cutler, former SVP of EBay in the Americas, until a permanent replacement is hired.

Meanwhile, The (San Jose) Mercury News reports the company will lay off 135 staff from three of its Bay Area locations. Citing inside sources, TechCrunch reported EBay would cut a total of 400 of its 14,100 global staffers.

The changes are the latest shake-ups following a call by activist investor Elliott Management. In a letter sent to the board in January, Elliot Management called on EBay to boost sluggish growth and increase returns to investors.

Since then, EBay has shut down Argentina-based AlaMaula. The company has also announced its first ever dividend to shareholders

Although EBay hasn’t said the moves are responses to Elliott, they seem in line with the investor’s demands.

Lee’s management team will oversee all of EBay’s geographic operations. This includes the Americas, the Asia-Pacific, the U.K., Central and Southern Europe, as well as cross-border trade.

EBay didn’t confirm the impending layoffs. It said that “teams across the company are adapting,” and that positions are being added as well as eliminated.

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