"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."
"Depop is popular with millennials and Gen Z, and is part of eBay's bid for younger consumers, who are gravitating to second-hand shopping online for sustainability and financial reasons."
"This is eBay's third round of layoffs since 2023. The online second-hand retailer cut 1,000 jobs in 2024 (9% of its workforce), after it cut 500 jobs in 2023 (or 4% of its workforce)."
eBay is eliminating approximately 800 full-time positions, representing 6% of its workforce, as part of a strategic realignment. This layoff follows the company's $1.2 billion acquisition of Depop from Etsy, a second-hand clothing app popular with millennials and Gen Z consumers. The move reflects eBay's focus on attracting younger shoppers drawn to online second-hand shopping for sustainability and financial reasons. This represents eBay's third major workforce reduction since 2023, following cuts of 500 jobs in 2023 and 1,000 jobs in 2024. The company has emphasized the layoffs are unrelated to its significant artificial intelligence investments. Despite the restructuring, eBay reported strong fourth-quarter 2025 earnings with revenue of $2.97 billion, exceeding estimates.
Read at Fast Company
Unable to calculate read time
Collection
[
|
...
]