Global marketplace eBay is axing hundreds of jobs in a bid to reinvest across the business, just a week after it acquired secondhand fashion retailer Depop.

Around 800 jobs, equating to 6% of the workforce, will be cut across its operations worldwide as it focuses on strategic priorities.

The company said in a statement: “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.”

The marketplace also made a round of job cuts in both 2023 and 2024, and has been investing more in AI to better connect the buyer and seller experience.

Amazon also confirmed thousands of job cuts in January, as part of a wider goal of reducing corporate staff by 30,000.

The latest news arrives soon after eBay acquired Depop from Etsy for a figure of $1.2bn. Depop will still operate as a standalone brand and has around 7 million active buyers, a huge majority of 90% being under the age of 34.

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