EBay to lay off 9% of workforce in push to simplify operations
eBay is cutting about 1,000 jobs, roughly 9% of its total workforce, to simplify operations and improve efficiency. This follows a previous reduction of 800 positions in February. The company is strategically focusing on authenticated luxury goods, collectibles, and refurbished products to attract higher-paying customers. The acquisition of fashion resale platform Depop has strengthened eBay's position in the growing resale market. Earnings results are expected next week.
Key points
- 1,000 employees (9%) to be laid off
- Strategic focus on luxury, collectibles, and refurbished goods
- Depop acquisition strengthens resale platform presence
- Second major workforce reduction in months
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