eBay to lay off 800 employees globally

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eBay to lay off 800 employees globally
Photo: Matt Slocum/AP

The cut represents about six percent of the company's workforce. The announcement comes just a week after the company acquired second-hand marketplace Depop for about $1.2 billion.

eBay has had three rounds of staff cuts in the past three years. Two years ago, 1,000 positions were cut when it assessed that increased staff costs were outpacing growth.

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TT News AgencyT
By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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