Gurmer Chopra was months into his first job out of college when he decided to quit and went all-in on his eBay business with his brother. Now, the company brings in millions a year.

Job cuts surge 80% in first five months of 2025 with federal funding cuts and retail store closures from companies like JCPenney, Macy's and Joann driving the trend.

The U.S. government's quest to rein in -- or even slash -- the federal workforce has jolted the job markets in California and the Bay Area, with the nine-county region being hit especially hard.

Gurmer Chopra was months into his first job out of college when he decided to quit and went all-in on his eBay business with his brother. Now, the company brings in millions a year.

At 23, he quit his accounting job to start an eBay business—today, his company brings in $176 million a year By Ernestine Siu, CNBC • Published June 24, 2025 • Updated on June 26, 2025 at 8: ...