eBay

EBAY

Market cap $40.7B

While eBay might be trying to tailor itself to new customer demographics, the company announced it would be cutting 6%, or 800 roles, across its global workforce.

eBay is laying off about 800 employees, or 6% of its full-time workforce, saying the move is a push to align with its “strategic priorities.” It comes a week after the company announced it was acquiring second-hand clothing app Depop from rival Etsy for $1.2 billion.

The layoff announcement comes a week after eBay agreed to buy secondhand-clothing site Depop and follows job cuts earlier this year by Amazon and Pinterest.

Investors with an interest in Internet - Commerce stocks have likely encountered both Prosus N.V. Sponsored ADR (PROSY) and eBay (EBAY).

eBay Inc (NASDAQ:EBAY, XETRA:EBA) said on Thursday that it will cut roughly 6% of its global workforce, or about 800 employees, as part of a company-wide effort to reduce costs and realign operations. “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,” a company spokesperson said.

EBay bought Depop as the firm doubles down on secondhand fashion and Gen Z‑focused platforms.

eBay is cutting around 800 jobs, or 6% of its full-time employees.

EBay said it's laying off about 800 employees, or 6% of its workforce. The job cuts are occurring across the company, and are a result of its push to focus on "strategic priorities," eBay said.

“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,” reads eBay's statement. “We are grateful for the contributions of the employees impacted and are committed to supporting them with care and respect.

The online auction site didn't say when the layoffs are expected to occur, or whether the company expects to record any charges as a result of the restructuring.