EBay is laying off about 800 workers, six per cent of global workforce

The layoffs mark the third round of cuts in three years, following around 1,000 lost jobs in 2024 and about 500 in 2023Author of the article:You can save this article by registering for free here. Or sign-in if you have an account.EBay Inc. is cutting about 800 jobs, or six per cent of its full-time employees, saying the layoffs are needed to align its workforce with strategic priorities.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.“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 San Jose, California-based company said early Thursday in a statement. “We are grateful for the contributions of the employees impacted and are committed to supporting them with care and respect.”EBay will continue to hire in key areas.FP Work touches on HR strategy, labour economics, office culture, technology and more.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Work will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.The cuts come a week after the company said it would acquire secondhand fashion marketplace Depop for about US$1.2 billion in an effort to draw younger shoppers and after it reported robust quarterly results. Revenue increased 15 per cent to US$3 billion in the fourth quarter, surpassing analyst estimates.The layoffs mark the third round of cuts in three years. In early 2024, the e-commerce company axed about 1,000 jobs, or about nine per cent of its workforce, saying labour costs had outpaced growth. In early 2023, the company terminated about 500 employees, or about four per cent of staff, citing a pullback in consumer spending following the pandemic-era online shopping boom.Bloomberg.comPostmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.365 Bloor Street East, Toronto, Ontario, M4W 3L4© 2026 Financial Post, a division of Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly prohibited.This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.You can manage saved articles in your account.and save up to 100 articles!You can manage your saved articles in your account and clicking the X located at the bottom right of the article.