Ebay slashes 6% of workforce as e-commerce firm realigns operations

Ebay said on ‌Thursday it ​is ​cutting about 800 jobs, or roughly 6% of its ‌full‑time workforce, as the e‑commerce company ⁠moves to streamline operations and align staffing ‌with its strategic priorities.

"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," the company said. Here are some ​details:

* EBay will cut about 800 jobs, or 6% of ​its full-timeworkforce, as part ‌of a restructuring aimed at aligning staffingwith long‑term strategic ⁠priorities. * The layoffs follow eBay's $1.2 billion acquisition ofDepop, announced last week, as the ⁠firm doubles down onsecondhand fashion and Gen ​Z‑focused platforms. * This is the third round of layoffs since 2023. The companycut about ‌1,000 roles (9%) in early 2024, citing labor costsoutpacing growth, ‌and about 500 roles (4%) in early ⁠2023, due toa ‌slowdown in ​consumer spending post pandemic.

(Reporting by Kritika Lamba; Editing by Leroy ‌Leo)

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