eBay has announced a significant workforce reduction, cutting approximately 800 jobs, which represents around 6% of its full-time staff. This move is part of the e-commerce giant’s efforts to realign its operations and focus on strategic priorities. The decision comes shortly after eBay’s recent $1.2 billion acquisition of Depop, signaling a shift towards emphasizing secondhand fashion and Gen Z-focused platforms.
This reduction marks the third round of layoffs for eBay since 2023. In early 2024, the company eliminated around 1,000 roles, representing 9% of its workforce, citing labor costs outpacing growth. Similarly, in early 2023, about 500 roles were cut, amounting to 4% of the workforce, due to a decline in consumer spending following the pandemic.
In a statement, eBay said, “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.” By restructuring its workforce, eBay aims to optimize its operations and adapt to evolving market dynamics in the e-commerce sector.
Source: Tech-Economic Times