EBay to Cut 9% of Workforce in Latest Round of Layoffs

EBay plans to cut about 9% of its workforce, marking the second round of layoffs at the e-commerce platform this year.

The company said the move aims to help it focus its resources on its top priorities, and that it would continue to hire in certain areas aligned with its strategy.

"This step was taken to ensure we continue to operate from a position of strength," a company spokesperson said.

The move will affect about 1,000 employees, the spokesperson said.

The cuts, which were reported earlier by Reuters, come after the company said in February it would lay off about 6.5% of its workforce. EBay employed about 12,300 as of the end of last year, according to its latest annual filing.

EBay has posted revenue growth in recent quarters as gross merchandise volume, which measures all paid transactions between eBay users, continues to climb. The company lifted its full-year outlook in August, and is scheduled to report quarterly earnings next week.

Earlier this year, eBay bought Depop from Etsy, adding a secondhand fashion platform popular among younger consumers.

EBay has recently been a takeover target for GameStop Chief Executive Ryan Cohen, who earlier this year made an unsolicited offer to buy the company for about $56 billion, saying he saw a path to make it a bigger competitor to Amazon.com. EBay rejected Cohen's proposal, though Cohen has said he will keep trying to pursue a deal and has continued to buy shares in the company.