EBay Lays Off 6% Of Global Workforce

Core Viewpoint - E-commerce giant eBay is laying off 800 jobs globally, approximately 6% of its workforce, as part of a strategy to "reinvent" its business following the acquisition of fashion marketplace Depop for $1.2 billion in cash [1][4] Group 1: Layoffs and Business Strategy - eBay's layoffs are part of a broader effort to realign its structure with strategic priorities and reinvest across its business [3] - The company has previously undergone multiple rounds of layoffs, including a plan to cut about 1,000 employees in early 2024 and another round affecting around 500 employees in 2023 [5] Group 2: Financial Performance - eBay reported a revenue of $11.1 billion for the full year 2025, marking an 8% increase from the previous year, with gross merchandise volume reaching $79.6 billion, up 7% year over year [3] Group 3: Depop Acquisition - The acquisition of Depop, which had approximately $1 billion in gross merchandise sales in 2025 and significant growth among younger consumers, aims to enhance eBay's presence in the fashion resale market [4] - The fashion resale market is projected to grow at an annual rate of over 10%, potentially reaching $521.5 billion by 2034 [4]