US online marketplace eBay plans to cut its global headcount by nearly 6%, equivalent to 800 jobs, as part of a broader cost-cutting and organizational restructuring.
In an emailed statement Retail Insights Networka spokesman said the restructuring would involve “some” redundancies across the workforce.
The statement read: “We are taking steps to reinvest across our business and realign our structure in line with our strategic priorities, which will impact the specific roles of our workforce.
“We are grateful for the contributions of affected employees and are committed to supporting them with care and respect.”
The group did not provide details on the timing of the job cuts or whether it expects to file any charges related to the restructuring.
The announcement follows an agreement by eBay to acquire second-hand fashion platform Depop from Etsy in a deal worth around $1.2bn.
Earlier this month, the company reported fourth-quarter revenue of $2.97 billion, representing a 15% increase on a reported basis and 13% growth on a foreign exchange-neutral (FXN) basis.
Gross merchandise volume (GMV) totaled $21.2bn, up 10% as reported and 8% on an FXN basis.
Net income from continuing operations was $525 million, or $1.14 per diluted share, with an operating margin of 20.3%.
For the full year 2025, revenue was $11.1 billion, an 8% increase on a reported basis and a 7% increase on an FXN basis.
Net income from continuing operations totaled $2bn or $4.26 per diluted share with an operating margin of 20.5%.
Looking ahead to the current quarter, the company expects adjusted earnings per share between $1.53 and $1.59 with a revenue forecast of $3bn to $3.05bn.
“eBay Cuts About 800 Roles Amid Restructuring Drive” was originally developed and published by Retail Insight Networks, a brand owned by Global Data.
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