EBay Is Laying Off About 800 Workers, 6% of Global Workforce

EBay is cutting about 800 jobs, or 6% of its full-time employees, saying the layoffs are needed to align its workforce with strategic priorities. From a report: "We are taking steps to reinvest across our business and align our structure with our strategic priorities, which will affect certain roles across our workforce," the San Jose, California-based company said early Thursday in a statement. "We are grateful for the contributions of the employees impacted and are committed to supporting them with care and respect." EBay will continue to hire in key areas. The cuts come a week after the company said it would acquire secondhand fashion marketplace Depop for about $1.2 billion in an effort to draw younger shoppers and after it reported robust quarterly results. Revenue increased 15% to $3 billion in the fourth quarter, surpassing analyst estimates.

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