Ebay axing 800 jobs after $1.2B Depop acquisition spurs strategic restructuring | Latest Tech News
Ebay said Thursday it’s cutting about 800 jobs, or roughly 6% of its full‑time workforce, as the e‑commerce company strikes to streamline operations and align staffing with its strategic priorities.
“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 company said.
This is the third spherical of layoffs since 2023. The latest layoffs signify 6% of eBay’s workforce. REUTERS
The layoffs comply with eBay’s $1.2 billion acquisition of Depop, announced last week, as the firm doubles down on secondhand fashion and Gen Z‑targeted platforms.
This is the third spherical of layoffs since 2023.
The company cut about 1,000 roles (9%) in early 2024, citing labor prices outpacing growth, and about 500 roles (4%) in early 2023, due to a slowdown in client spending after the pandemic.
Shares rose more than 3% on Thursday.
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