eBay announced plans to cut 800 jobs as part of a strategic restructuring effort. The online marketplace did not specify when the layoffs will occur or whether the company expects to record any charges related to the restructuring. This move represents a significant reduction in eBay's workforce.

The job cuts come as eBay faces ongoing challenges in the competitive e-commerce landscape. The company has been working to streamline operations and focus on core business areas. While specific details about the restructuring remain unclear, the scale of the layoffs suggests eBay is making substantial changes to its organizational structure.

The announcement follows a period of pressure on eBay's stock performance and market position. The company has been working to adapt to changing consumer behaviors and increased competition from other online retail platforms. The restructuring appears to be part of a broader strategy to improve efficiency and profitability in a challenging market environment.