eBay to lay off 800 staff
The latest round of layoffs marks eBay’s third workforce reduction in the past three years.
The deal comes nearly five years after Etsy purchased Depop for $1.62 billion, at a time when secondhand clothing apps were gaining traction during the pandemic.
eBay’s acquisition of Tise indicates that it’s looking to modernize its platform to attract younger shoppers, expand its social commerce tools, and build a stronger presence in the sustainable retail market.