"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. We are grateful for the contributions of the employees impacted and are committed to supporting them with care and respect."
"While the company is letting go of 800 people, it indicated that hiring will continue in key areas, specifically those that align with its long-term goals. The timing of the layoffs is particularly notable. Last week, eBay revealed it was buying Depop from Etsy for $1.2 billion in cash, a move aimed at capturing the hearts (and wallets) of shoppers under 34."
"Financially, eBay appears to be on solid ground. The company's 2025 full-year revenue hit $11.1 billion, an 8% increase from the previous year. Furthermore, its fourth-quarter revenue rose 15% to $3 billion, beating out analyst expectations. Despite this growth, management seems determined to keep labor costs from outstripping expansion."
eBay is eliminating approximately 800 full-time positions, representing 6% of its roughly 12,300-person workforce. The company is restructuring to align with strategic priorities while maintaining hiring in key areas supporting long-term goals. This layoff follows eBay's $1.2 billion acquisition of Depop from Etsy, targeting younger shoppers and the recommerce market projected to exceed $500 billion by 2034. Despite strong financial performance with 2025 revenue reaching $11.1 billion (8% increase) and fourth-quarter revenue of $3 billion (15% growth), management is controlling labor costs to prevent them from outpacing business expansion. This represents eBay's third significant workforce reduction in three years, following 1,000 cuts in early 2024 and 500 in 2023.
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