Ebay Axes 800 Jobs—6% of Its Workforce—After $1.2B Depop Deal

Ebay is laying off 800 employees—roughly 6 percent of its staff—a week after announcing its $1.2 billion acquisition of secondhand clothing app Depop and reporting “very strong” fourth-quarter revenue of nearly $3 billion. “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,” a spokesperson for the online marketplace said in a statement first reported by Bloomberg on Thursday. “We are grateful for ...