US online marketplace eBay has recently announced plans to reduce its global headcount by approximately 6%, which equates to around 800 jobs, as part of a broader cost-reduction and organisational overhaul. This restructuring will involve certain positions across the workforce, as confirmed by a spokesperson in a statement emailed to Retail Insight Network.
The statement from eBay read, “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. We are grateful for the contributions of the employees impacted and are committed to supporting them with care and respect.”
While specific details regarding the timing of the job reductions and any potential charges linked to the restructuring have not been provided by the group, this move comes following eBay’s recent agreement to acquire second-hand fashion platform Depop from Etsy in a transaction valued at approximately $1.2 billion.
In terms of financial performance, eBay reported fourth-quarter revenue of $2.97 billion, reflecting a 15% increase on a reported basis and 13% growth on a foreign-exchange-neutral (FXN) basis. Gross merchandise volume (GMV) reached $21.2 billion, 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 operating margins of 20.3%.
For the full year 2025, eBay’s revenue was $11.1 billion, marking an 8% rise on a reported basis and 7% on an FXN basis. Net income from continuing operations totaled $2 billion, or $4.26 per diluted share, with operating margins of 20.5%. Looking ahead to the current quarter, the company anticipates adjusted earnings between $1.53 and $1.59 per share, with revenue forecasted in the range of $3 billion to $3.05 billion.
The announcement of job cuts at eBay underscores the company’s ongoing efforts to streamline operations and drive efficiency amidst a rapidly evolving retail landscape. Stay tuned for further updates as eBay continues to navigate these changes and adapt to market dynamics.
This article was originally published on Retail Insight Network, a GlobalData owned brand, and has been rewritten for informational purposes. Please note that the information provided is for general informational purposes only and should not be relied upon as professional advice. It is recommended to seek professional or specialist advice before making any decisions based on the content provided.
