eBay plans to lay off 800 employees

eBay is cutting about 800 jobs, or 6% of its full-time employees.

“We are taking steps to reinvest in our business and align our structure with our strategic priorities, which will impact certain roles across our workforce,” the company said in a statement. “We are grateful for the contributions of affected employees and committed to supporting them with care and respect.”

Bloomberg I reported the news for the first time.

This move comes a week after eBay announced this It will acquire Depopa second-hand clothing app popular with Gen Z and millennials, was acquired by Etsy for $1.2 billion in cash.

eBay reported last week The fourth quarter The results, with revenue rising 15% to $3 billion, beating analysts’ expectations.

This round of layoffs marks the third time eBay has cut jobs in the past three years. In early 2024, it cut 1,000 jobs, or about 9% of its workforce. In early 2023, it laid off about 500 employees, or about 4% of its headcount.