eBay Laying Off 800 After Q4 Wall Street Beat, Depop Acquisition

eBay announced it would lay off about 800 workers, representing 6% of its global employees, to realign its structure with strategic priorities, particularly recommerce. This downsizing follows a strong fourth-quarter performance where the company beat revenue and earnings estimates, and the recent acquisition of the C2C marketplace Depop for $1.2 billion. Depop, known for its strong engagement with Gen Z and Millennials, is expected to enhance eBay’s recommerce focus.