eBay Cuts 800 Jobs Following $1.2B Acquisition of Depop Platform

E-commerce giant eBay is cutting approximately 800 jobs, or 6 percent of its global workforce, to align its organizational structure with future strategic priorities.The layoffs follow the $1.2B acquisition of the secondhand fashion marketplace Depop from Etsy, a move intended to attract younger shoppers and expand into luxury resale.While the company reported $11.1B in revenue last year, this reorganization affects staff globally, including in Germany, and follows similar job cuts at Amazon.