eBay Cuts 800 Jobs Just Days After $1.2B Depop Deal

E-commerce giant eBay is laying off approximately 800 full-time employees—representing 6% of its global workforce—as part of a corporate restructuring plan to reinvest in high-growth areas, despite recently posting strong fourth-quarter earnings.

Realigning Corporate Priorities

The workforce reduction, which was first reported by Bloomberg, aims to streamline operations and reallocate resources. In an official statement, eBay explained that the company is taking targeted steps to reinvest across its business and align its organizational structure with its long-term strategic priorities. Management expressed gratitude for the impacted employees’ contributions, promising to support them through the transition with care and respect.

A $1.2 Billion Acquisition Amid Strong Financials

This major downsizing comes just one week after eBay announced its acquisition of Depop, a popular Gen Z and millennial secondhand fashion app, from Etsy for $1.2 billion in cash. The acquisition signals an aggressive push into the youth fashion resale market.

Financially, the e-commerce pioneer remains on solid ground. In its recently published fourth-quarter financial results, eBay reported a 15% revenue increase to $3 billion, comfortably beating Wall Street analysts’ expectations.

Three Years of Consecutive Job Cuts

This latest round of layoffs marks the third consecutive year that eBay has downsized its team. In early 2024, the company eliminated roughly 1,000 positions, which accounted for about 9% of its staff. Prior to that, in early 2023, eBay reduced its headcount by approximately 500 employees, or 4% of its workforce at the time.