eBay acquired Depop from Etsy for $1.2bn earlier this month.
On-line market eBay is shedding round 800 jobs – or 6pc of its workforce unfold globally. The job cuts are a response to working mannequin wants and future priorities, the corporate has defined.
As of 31 December final 12 months, firm filings present that eBay employed roughly 12,300 folks globally, of which, 5,100 have been located exterior the US.
“We’re taking steps to reinvest throughout our enterprise and align our construction with our strategic priorities, which can have an effect on sure roles throughout our workforce,” an eBay spokesperson advised information publications.
“We’re grateful for the contributions of the workers impacted and are dedicated to supporting them with care and respect.” eBay, nonetheless, will nonetheless proceed to rent in key areas, it mentioned.
The announcement comes after eBay posted a 2025 annual internet income of $11.1bn, up 8pc from the 12 months earlier than, whereas gross merchandise quantity (GMV) was up 7pc to $79.6bn. eBay famous that trend alone represents greater than $10bn in GMV yearly.
The layoffs additionally come on the heels of eBay asserting a $1.2bn acquisition of the second-hand trend market Depop, from Etsy. With the acquisition, eBay needs to focus on the under-34 consumer-base – which represents a majority of Depop’s user-base.
Etsy bought Depop for $1.6bn in 2021. The identical 12 months, it purchased Brazilian on-line market Elo7 for $217m. In 2019, it bought music gear market Reverb.
All three have since been offered by Etsy, which has been affected by slowed development lately. Its year-over-year income grew by simply 2.2pc in 2024, down from 7.1pc in 2023.
eBay laid off 9pc of its complete workforce in 2024, or 1,000 jobs, citing macroeconomic circumstances. In early 2023, it minimize 500 jobs.
Firm filings confirmed that eBay’s European operations paid out greater than €1.8m in redundancy prices after reducing 75 jobs within the area in 2024.
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