eBay's recent layoff strategy - what gives?

So, another layoff just happened, around 639 people. This follows a string of cuts we've seen over the past couple of years. It's starting to feel like a trend rather than isolated incidents. While I understand the need for efficiency, the sheer number of people let go, even with the official explanations, is concerning. Are we seeing a fundamental shift in how eBay operates? Is the core business struggling more than we realize, or is this purely about optimizing for a leaner future? Curious to hear from others on the platform – what are your thoughts on the company's direction? Is this sustainable? Are we losing valuable talent and institutional knowledge with each wave of layoffs? Just trying to make sense of it all from the inside.