eBay to cut 800 jobs to 'reinvest' in strategic priorities

eBay is slashing 6% of its workforce as it looks to "reinvest" in its business, just one week after striking a deal to acquire the second-hand clothing app Depop.

The online marketplace is cutting 800 full-time jobs across its operations worldwide as part of a restructuring, the company said on Thursday.

“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 shared in a statement.

"We are grateful for the contributions of the employees impacted and are committed to supporting them with care and respect."

The news follows eBay's acquisition of Depop for $1.2 billion (£890 million) from rival Etsy last week, as the company looks to attract Gen Z shoppers.

eBay said the deal, which is expected to close in the second quarter of 2026, will help it cater to a “younger demographic” as the online marketplace giant targets long-term growth.

Depop, which was founded in London in 2011, is expected to retain its name, brand, platform and culture, the companies said. The business has expanded on the back of growing demand from Gen Z and Millennial shoppers to buy sustainably and avoid sending old items to landfills.

This is the latest round of layoffs for eBay, following rounds in 2023 and 2024, as the business adjusts to shifting consumer priorities.