\n<\/p>\n
Storch Advisors CEO Gerald Storch joins ‘Varney & Co.’ to break down tariff uncertainty, Amazon\u2019s rise past Walmart and why retail panic may be overblown.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
E-commerce giant eBay announced Thursday it is slashing hundreds of jobs,<\/a> just days after the company dropped $1.2 billion in cash to acquire a trendy Gen Z fashion app and settled a federal stalking lawsuit involving former executives.<\/p>\n Multiple outlets have reported that eBay will cut a total of 800 roles, or 6% of its workforce, as company documents indicated about 12,300 employees worldwide as of Dec. 31, 2025.<\/p>\n eBay did not immediately respond to Fox News Digital’s request for comment.<\/p>\n HOME DEPOT CUTS 800 JOBS, ORDERS CORPORATE STAFF BACK TO OFFICE FULL TIME<\/u><\/strong><\/a><\/p>\n The company told Reuters, “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.”<\/p>\n A view of the eBay pop-up store is seen on Sept. 20, 2025, in Los Angeles, California.<\/span> (Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n Just hours before the layoff news, eBay settled a civil lawsuit against the couple and newsletter writers David and Ina Steiner. Reuters detailed how former employees sent the Steiners live cockroaches, spiders, a funeral wreath and a bloody pig mask to allegedly silence their reporting.<\/p>\n Former eBay executives were sentenced to prison in 2022, and this week’s settlement was reached for an undisclosed amount.<\/p>\n Wall Street Journal columnist Kim Strassel joins ‘Varney & Co.’ to discuss a positive jobs report, debate on Capitol Hill regarding the SAVE Act and the rules surrounding talking filibusters.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n Earlier this month, eBay made headlines for its acquisition of Depop \u2014 a customer-to-customer fashion marketplace popular with Gen Z and millennials <\/a>looking to sell used clothing and accessories. eBay purchased the platform for approximately $1.2 billion in cash.<\/p>\n GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/a><\/p>\n Depop\u2019s user base is 90% under age 34, according to a press release<\/a>, meaning eBay is positioning itself to reach younger consumers who have largely moved away from the traditional auction model.<\/p>\n O’Leary Ventures Chairman Kevin O’Leary joins ‘Varney & Co.’ to weigh in on the fate of the tariff refunds as well as Gen Z bring their parents to job interviews.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n “Fashion represents more than $10 billion in annual gross merchandise volume (GMV) for eBay and delivered 10% year-over-year GMV growth in the U.S. in 2025,” CEO Jamie Iannone said in a statement. “This acquisition presents an opportunity to advance one of our newest and fastest-growing Focus Categories with a marketplace that complements our existing presence, and enables us to reach a younger demographic across the expanding recommerce landscape.”<\/p>\n READ MORE FROM FOX BUSINESS<\/u><\/strong><\/a><\/p>\n<\/div>\n