eBay to lay off 800 staff

In Brief

eBay is cutting astir 800 jobs, oregon 6% of its full-time employees.

“We are taking steps to reinvest crossed our concern and align our operation with our strategical priorities, which volition impact definite roles crossed our workforce,” the institution said successful a statement. “We are grateful for the contributions of the employees impacted and are committed to supporting them with attraction and respect.”

Bloomberg archetypal reported the news.

The determination comes a week aft eBay said it would get Depop, a second-hand covering app fashionable with Gen Z and millennials, from Etsy for $1.2 cardinal successful cash.

eBay past week reported fourth-quarter results, with gross rising 15% to $3 billion, exceeding analysts’ expectations.

This circular of layoffs marks the 3rd clip eBay has chopped jobs successful the past 3 years. In aboriginal 2024, it chopped 1,000 jobs, oregon astir 9% of its workforce. In aboriginal 2023, it laid disconnected astir 500 employees, oregon astir 4% of its headcount.

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