eBay acquired Depop from Etsy for $1.2bn earlier this month.
Online marketplace eBay is laying off around 800 jobs – or 6pc of its workforce spread globally. The job cuts are a response to operating model needs and future priorities, the company has explained.
As of 31 December last year, company filings show that eBay employed approximately 12,300 people globally, 5,100 of which are situated outside the US.
“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,” an eBay spokesperson told news publications.
“We are grateful for the contributions of the employees impacted and are committed to supporting them with care and respect.” eBay, however, will still continue to hire in key areas, it said.
The announcement comes after eBay posted a 2025 annual net revenue of $11.1bn, up 8pc from the year before, while gross merchandise volume (GMV) was up 7pc to $79.6bn. eBay noted that fashion alone represents more than $10bn in GMV annually.
The layoffs also come on the heels of eBay announcing a $1.2bn acquisition of the second-hand fashion marketplace Depop, from Etsy. With the acquisition, eBay wants to target the under-34 consumer base – which represents a majority of Depop’s user base.
Etsy purchased Depop for $1.6bn in 2021. The same year, it bought Brazilian online marketplace Elo7 for $217m. In 2019, it purchased music gear marketplace Reverb. All three have since been sold by Etsy, which has been suffering from slowed growth in recent years. Its year-over-year revenue grew by just 2.2pc in 2024, down from 7.1pc in 2023.
eBay laid off 9pc of its total workforce in 2024, or 1,000 jobs, citing macroeconomic conditions. In early 2023, it cut 500 jobs.
Company filings showed that eBay’s Irish arm, which handles its European operations, paid out more than €1.8m in redundancy costs after cutting 75 jobs in 2024.
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