economy
eBay to lay off 800 staff
The latest round of layoffs marks eBay’s third workforce reduction in the past three years.
TL;DR
- eBay is laying off around 800 employees, or 6% of its full-time workforce.
- The company aims to reinvest and align its structure with strategic priorities.
- This is eBay's third round of job cuts in the past three years.
- Previous layoffs occurred in early 2024 (1,000 jobs) and early 2023 (500 jobs).
- The news comes after eBay announced the acquisition of Depop for $1.2 billion and reported strong fourth-quarter results with revenue up 15% to $3 billion.