E-commerce giant shuts down office as layoffs rise

San Francisco is facing growing pressure from businesses as they step away from the city.

Once the center of the tech boom, the city is seeing a steady wave of companies scaling back or leaving altogether, driven by high costs, shifting workplace dynamics, and a struggling office market.

From Pfizer, which recently closed its research site, to tech firms like Meta, X, and Block, which vacated spaces in recent years, an e-commerce giant has now added its name to the list.

eBay is shutting down its San Francisco office at 300 Mission Street, with operations set to wind down on September 30, 2026, as per a Worker Adjustment and Retraining Notification (WARN) filed in California on April 10.

And the shuttering has sparked much speculation about the employees working at the site, especially as the company continues to restructure its workforce.

eBay's layoffs add to restructuring pressure

The office closure comes as eBay continues to cut jobs as part of a broader effort to streamline operations.

Earlier this year, the company confirmed plans to lay off about 800 employees globally, about 6% of its workforce, as it seeks to improve efficiency and align resources with its long-term priorities.

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Regulatory filings add more detail to the impact in California.

Two WARN notices show that 243 employees were laid off at eBay's 2025 Hamilton Ave. location in San Jose, the company's headquarters.

Additional filings list 28 layoffs tied to the 300 Mission Street San Francisco office, alongside a separate notice referencing 198 roles impacted at the same location.

However, those 198 employees are expected to be relocated to San Jose rather than laid off, according to the San Francisco Chronicle. The filings highlight the distinction between workforce reduction and office consolidation.

The closure is due to the end of the lease, and the company has decided to consolidate its offices back at its headquarters in San Jose.

Photo by NicolasMcComber on Getty Images

ebay is investing in future growth

The layoffs and the closure come as eBay continues to invest heavily to drive future growth.

In February, eBay acquired Depop, a fashion resale platform popular with younger consumers, from Etsy for $1.2 billion. from Etsy in a cash deal valued at $1.2 billion.

The step was to efficiently bring in Gen and Millennial customer base, which forms a major part of Depop, a community-powered fashion marketplace with over 7 million active buyers and 3 million active sellers. 90% of these buyers are under the age of 34.

eBay believes that this acquisition will allow the e-commerce platform to grow its existing customer base and "amplify global demand and unlock additional market opportunity" in a fast-growing resale segment.

"The addition of Depop will accelerate eBay's C2C strategy by deepening its reach with younger, fashion-forward consumers and expanding its presence in one of the most dynamic areas of resale," said the press release.

The restructuring comes even as eBay continues to post steady financial results. In its latest Q4 and full-year 2025 earnings report, the ecommerce company posted $3.0 billion in revenue, up 15% on an as-reported basis.

CEO Jamie Lannone noted that 2025 was a "milestone year" for the company, and its continued investment in and leveraging of AI have helped "elevate customer experience worldwide," putting the company in the strongest position ever.

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This story was originally published April 18, 2026 at 6:03 AM.