eBay to lay off 800 staff

Group 1 - eBay is cutting approximately 800 jobs, representing 6% of its full-time employees, as part of a strategy to realign its structure with strategic priorities [1] - The company expressed gratitude for the contributions of affected employees and committed to supporting them during this transition [1] - This layoff marks the third job cut for eBay in the past three years, following a reduction of 1,000 jobs (9% of workforce) in early 2024 and about 500 jobs (4% of headcount) in early 2023 [2] Group 2 - The layoffs come shortly after eBay announced its acquisition of Depop, a second-hand clothing app, for $1.2 billion in cash from Etsy [2] - eBay reported a 15% increase in revenue for the fourth quarter, reaching $3 billion, which exceeded analysts' expectations [2]