E-commerce giant shuts down office as layoffs rise

San Francisco is facing increasing unit from businesses arsenic they measurement distant from the city.

Once the halfway of the tech boom, the metropolis is seeing a dependable question of companies scaling backmost oregon leaving altogether, driven by precocious costs, shifting workplace dynamics, and a struggling bureau market.

From Pfizer, which precocious closed its probe site, to tech firms similar Meta, X, and Block, which vacated spaces successful caller years, an e-commerce elephantine has present added its sanction to the list.

eBay is shutting down its San Francisco bureau astatine 300 Mission Street, with operations acceptable to upwind down connected September 30, 2026, arsenic per a Worker Adjustment and Retraining Notification (WARN) filed successful California connected April 10.

And the shuttering has sparked overmuch speculation astir the employees moving astatine the site, particularly arsenic the institution continues to restructure its workforce.

The bureau closure comes arsenic eBay continues to chopped jobs arsenic portion of a broader effort to streamline operations.

Earlier this year, the institution confirmed plans to laic disconnected astir 800 employees globally, astir 6% of its workforce, arsenic it seeks to amended ratio and align resources with its semipermanent priorities.

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Regulatory filings adhd much item to the interaction successful California.

Two WARN notices amusement that 243 employees were laid disconnected astatine eBay’s 2025 Hamilton Ave. determination successful San Jose, the company’s headquarters.

Additional filings database 28 layoffs tied to the 300 Mission Street San Francisco office, alongside a abstracted announcement referencing 198 roles impacted at the aforesaid location.

However, those 198 employees are expected to beryllium relocated to San Jose alternatively than laid off, according to the San Francisco Chronicle. The filings item the favoritism betwixt workforce simplification and bureau consolidation.

The closure is owed to the extremity of the lease, and the institution has decided to consolidate its offices backmost astatine its office successful San Jose.

The layoffs and the closure travel arsenic eBay continues to put heavy to thrust aboriginal growth.

In February, eBay acquired Depop, a manner resale level fashionable with younger consumers, from Etsy for $1.2 billion. from Etsy successful a currency woody valued astatine $1.2 billion.

The measurement was to efficiently bring successful Gen and Millennial lawsuit base, which forms a large portion of Depop, a community-powered manner marketplace with implicit 7 cardinal progressive buyers and 3 cardinal progressive sellers. 90% of these buyers are nether the property of 34.