Ebay axing 800 jobs after $1.2B Depop acquisition spurs ‘strategic' restructuring

Core Viewpoint - eBay is cutting approximately 800 jobs, representing about 6% of its full-time workforce, to streamline operations and align staffing with strategic priorities [1][3] Group 1: Layoffs and Workforce Changes - The latest layoffs are part of a broader strategy to reinvest in the business and align the company's structure with its strategic goals [1] - This marks the third round of layoffs since 2023, with previous cuts of about 1,000 roles (9%) in early 2024 and around 500 roles (4%) in early 2023 [3] Group 2: Strategic Acquisitions - The layoffs follow eBay's recent $1.2 billion acquisition of Depop, indicating a focus on secondhand fashion and platforms targeting Gen Z [3] Group 3: Market Reaction - Following the announcement of the layoffs, eBay's shares rose by more than 3% [4]