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EBay Set to Lay Off 9% of Global Workforce
The layoffs follow 800 job cuts in February as eBay shifts spending toward faster-growing categories and re-commerce, the company said.
- On Wednesday, October 21, 2026, EBay announced plans to eliminate around 1,100 jobs, representing about 9% of its workforce, as CEO Jamie Iannone moves to simplify operations and concentrate resources on faster-growing business areas.
- These layoffs follow the removal of approximately 800 positions in February, when the company cut about 6% of its workforce as part of earlier efforts to streamline operations.
- EBay shares have gained nearly 40% in 2026, outperforming the broader market's around 12% gain, while the company also rejected a $56 billion unsolicited bid from GameStop CEO Ryan Cohen.
- In a memo to staff, Iannone asserted the company's strategy remains effective, stating "Continuing to capture the significant opportunity ahead requires us to make thoughtful choices about where we focus and invest."
- The company is slated to report latest earnings next week, building on this year's $1.4 billion acquisition of fashion resale platform Depop, which expanded its reach among younger consumers and strengthened its re-commerce position.
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eBay Layoffs: E-Commerce Giant to Lay Off 9% of Workforce to Simplify Operations | 📲 LatestLY
eBay plans to cut around 9% of its global workforce, affecting approximately 1,100 employees, as part of a restructuring drive to simplify operations and prioritise growth areas. CEO Jamie Iannone announced the move in an internal memo. The cuts follow an earlier 6% workforce reduction in February, amid broader strategic changes and acquisition interest. 📲 eBay Layoffs: E-Commerce Giant to Lay Off 9% of Workforce to Simplify Operations.
·Mumbai, India
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EBay to lay off 9% of workforce in push to simplify operations ...
·London, United Kingdom
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Total News Sources19
Leaning Left1Leaning Right4Center5Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
C 50%
R 40%
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