Must Read: EBay Cuts 9% of Workforce, Why Chanel Is Backing Ebel – Latest Fashion Trends & Style Tips October 21, 2026 at 09:30PM
📰 Must Read: EBay Cuts 9% of Workforce, Why Chanel Is Backing Ebel {% if EntryImageUrl and EntryImageUrl != "" %} {% endif %} ✨ Fashion Insights & Trends: These are the stories making headlines in fashion on Wednesday. EBay Cuts 9% of Workforce EBay will lay off about 9% of its workforce as it simplifies operations and shifts resources to its fastest-growing areas, CEO Jamie Iannone told employees in a memo. This comes after the company cut about 6% of its staff, or 800 workers, in February. Its shares are up nearly 40% this year, compared with about 12% for the S&P 500. The company also bought fashion resale platform Depop for $1.4 billion this year, which broadened its reach among younger shoppers. { Reuters /paywalled} Why Chanel Is Backing Ebel Chanel is part of an investor group that recently bought 95% of struggling Swiss watch brand Ebel in a $66.5 million deal. The group includes independent watchmaker F.P. Journe and former De Bethune...