eBay has revealed plans to reduce its international workforce by approximately 800 positions. The company explained in a statement, covered by Bloomberg, that it is reallocating resources throughout its operations and reshaping its organizational framework to better match key strategic objectives, resulting in the elimination of select employee roles. This action will impact roughly 6% of eBay's existing full-time employees. According to Bloomberg, eBay intends to maintain recruitment efforts in critical sectors, though it provided no details on those specific domains.
This workforce reduction arrives amid a series of recent corporate announcements from eBay. Concurrent with the release of its most recent earnings report, the firm disclosed its intention to purchase Depop, an Etsy-owned platform for peer-to-peer sales of pre-owned apparel, in a deal valued at $1.2 billion. Such an acquisition might make a minor impression on the company's forecasted $11.1 billion in revenue for the full year of 2025.