Last mentioned: Mar 1, 2026
Third Restructuring
eBay confirms 800 job cuts (6% of workforce) to realign with strategic priorities post-acquisition.
Depop Acquisition
eBay announces $1.2 billion deal to acquire Depop from Etsy to target Gen Z shoppers.
Second Restructuring
1,000 jobs cut (9% of workforce) due to labor costs outpacing revenue growth.
First Restructuring
eBay cuts 500 roles (4% of staff) as post-pandemic consumer spending cools.
eBay is cutting 800 roles, or 6% of its global workforce, just days after announcing a $1.2 billion acquisition of secondhand fashion app Depop. This third round of layoffs in three years signals a shift toward aggressive cost discipline and strategic reinvestment in Gen Z-focused growth areas.
Etsy has agreed to sell its secondhand fashion marketplace Depop to eBay for $1.2 billion in cash, marking a strategic retreat from the Gen Z-focused platform. The deal, which comes five years after Etsy's $1.62 billion acquisition of Depop, was cheered by investors as a move to streamline operations and focus on its core handmade marketplace.
Etsy has agreed to sell its Gen Z-focused fashion marketplace Depop to eBay for $1.2 billion in cash, marking a significant retreat from its 2021 expansion strategy. The deal, which represents a $420 million loss on Etsy's initial purchase price, was met with investor enthusiasm as Etsy shares surged 17%.