Ebay axing 800 jobs after $1.2B Depop acquisition – Business News
Ebay mentioned Thursday it’s reducing about 800 jobs, or roughly 6% of its full‑time workforce, because 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 mentioned.
This is the third spherical of layoffs since 2023. The newest layoffs symbolize 6% of eBay’s workforce. REUTERS
The layoffs comply with eBay’s $1.2 billion acquisition of Depop, introduced final week, because 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, as a consequence of a slowdown in shopper spending after the pandemic.
Shares rose more than 3% on Thursday.
