"eBay's sweeping cut is its third in about three years, following 500- and 1,000-worker layoffs in 2023 and 2024. Bloomberg first reported the new cuts, and spokesperson Maddy Martinez confirmed their scope with SFGATE on Thursday, describing the move as part of a push 'to reinvest across our business and align our structure with our strategic priorities.'"
"About a third of the layoff will hit eBay's Bay Area workforce, according to a WARN document the company filed with California officials on Wednesday. The filing lists 243 layoffs at eBay's San Jose headquarters and 28 at its office in San Francisco's South of Market neighborhood."
"Local middle management looks to be hit particularly hard in these cuts. The WARN lists a swath of managers and more than two dozen directors; researchers, data scientists and software engineers are also getting pink slips. The document said the layoffs would begin immediately, on Wednesday, and Martinez, the spokesperson, said workers would be offered severance pay."
eBay announced layoffs affecting 800 employees, approximately 6% of its workforce, with 271 positions eliminated in the Bay Area. This represents the company's third significant reduction in roughly three years, following previous cuts of 500 and 1,000 workers in 2023 and 2024. The company stated the layoffs aim to eliminate duplicated roles and realign staff with strategic priorities. Middle management, directors, researchers, data scientists, and software engineers are particularly affected. eBay's workforce totaled 12,300 as of December, with approximately 7,200 in the United States. The company emphasized these cuts are unrelated to its planned $1.2 billion acquisition of secondhand fashion platform Depop from Etsy. Affected workers will receive severance packages.
Read at SFGATE
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