
eBay cuts 800 jobs after acquiring Depop for $1.2 billion
eBay cuts 800 jobs after acquiring Depop for $1.2 billion
- eBay has laid off 800 employees as part of a strategic restructuring effort.
- The layoffs follow eBay's acquisition of Depop for $1.2 billion.
- These job cuts reflect the company's aim to align its workforce with future business priorities and market trends.
Story
In the latest round of restructuring efforts, online marketplace eBay announced significant layoffs, cutting 800 positions, which constitutes 6% of its global workforce. As of December 31, 2025, the company employed approximately 12,300 individuals. This decision was made shortly after eBay completed the acquisition of fashion resale platform Depop from Etsy for $1.2 billion, aiming to capture a younger demographic of consumers, primarily those under 34 years of age, who make up the bulk of Depop’s user base. The move aligns with eBay's objective to focus on categories that show growth potential, particularly fashion, which generated over $10 billion in gross merchandise volume annually and witnessed a 10% year-over-year growth in 2025. However, despite these job cuts, eBay has indicated it will continue to hire in critical areas to support its strategic goals and future priorities. The company communicated its commitment to those impacted, emphasizing the importance of supporting affected employees. These layoffs follow earlier reductions that included the cutting of 1,000 roles in 2024 and 500 in early 2023, underscoring the broader context of economic pressures and the evolution of e-commerce. eBay's recent restructuring comes at a time when it seeks to reposition itself within an increasingly competitive market and redefine its operational structure amid changing consumer behaviors and growing trends in online shopping.