The downsizing follows a week of business updates for eBay. On the same day it shared its latest financial results, the company announced that it would acquire Depop, a consumer-to-consumer secondhand fashion retailer, from Etsy. The Depop purchase carried a $1.2 billion price tag, which could put at least a small dent in the $11.1 billion it reported in 2025 full-year revenue.
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The firm's five-year contract, initially estimated to be worth £6m, has more than a year left to run - however a new company will start taking over the work in the coming months.
Business: $1321/month