{"id":27271,"date":"2026-02-27T12:55:23","date_gmt":"2026-02-27T12:55:23","guid":{"rendered":"https:\/\/cashadvancenexus.com\/?p=27271"},"modified":"2026-02-27T12:55:23","modified_gmt":"2026-02-27T12:55:23","slug":"ebay-slashes-800-jobs-representing-6-of-workforce-after-1-2-billion-depop-acquisition","status":"publish","type":"post","link":"https:\/\/cashadvancenexus.com\/?p=27271","title":{"rendered":"eBay slashes 800 jobs representing 6% of workforce after $1.2 billion Depop acquisition"},"content":{"rendered":"
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E-commerce giant eBay announced Thursday it is slashing hundreds of jobs, just days after the company dropped $1.2 billion in cash to acquire a trendy Gen Z fashion app and settled a federal stalking lawsuit involving former executives.<\/p>\n

Multiple outlets have reported that eBay will cut a total of 800 roles, or 6% of its workforce, as company documents indicated about 12,300 employees worldwide as of Dec. 31, 2025.<\/p>\n

eBay did not immediately respond to Fox News Digital’s request for comment.<\/p>\n

HOME DEPOT CUTS 800 JOBS, ORDERS CORPORATE STAFF BACK TO OFFICE FULL TIME<\/u><\/strong><\/p>\n

The company told Reuters, “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.”<\/p>\n

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Just hours before the layoff news, eBay settled a civil lawsuit against the couple and newsletter writers David and Ina Steiner. Reuters detailed how former employees sent the Steiners live cockroaches, spiders, a funeral wreath and a bloody pig mask to allegedly silence their reporting.<\/p>\n

Former eBay executives were sentenced to prison in 2022, and this week’s settlement was reached for an undisclosed amount.<\/p>\n

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Earlier this month, eBay made headlines for its acquisition of Depop \u2014 a customer-to-customer fashion marketplace popular with Gen Z and millennials looking to sell used clothing and accessories. eBay purchased the platform for approximately $1.2 billion in cash.<\/p>\n

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Depop\u2019s user base is 90% under age 34, according to a press release, meaning eBay is positioning itself to reach younger consumers who have largely moved away from the traditional auction model.<\/p>\n

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“Fashion represents more than $10 billion in annual gross merchandise volume (GMV) for eBay and delivered 10% year-over-year GMV growth in the U.S. in 2025,” CEO Jamie Iannone said in a statement. “This acquisition presents an opportunity to advance one of our newest and fastest-growing Focus Categories with a marketplace that complements our existing presence, and enables us to reach a younger demographic across the expanding recommerce landscape.”<\/p>\n

READ MORE FROM FOX BUSINESS<\/u><\/strong><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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