eBay to cut 9% of workforce, eliminating around 1,000 jobs

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The online marketplace is refocusing its business on high-growth segments, including luxury goods, collectibles and refurbished products, amid ongoing restructuring

By Reuters

Updated - October 22, 2026 at 05:12 AM.

FILE PHOTO: eBay plans to eliminate around 1,000 jobs as it streamlines operations and redirects resources to its fastest-growing business areas. | Photo Credit: Dado Ruvic

EBay will lay off about 9% of its workforce ‌as the online marketplace looks to simplify operations ​and shift resources to its fastest-growing ⁠areas, CEO Jamie Iannone told staff in a memo that was reviewed by Reuters.

A spokesperson for eBay confirmed the ‌layoffs to Reuters on Wednesday, saying the move will eliminate around 1,000 jobs.

The company ‌had 12,300 employees at the end of ‌last ⁠year. It also let go about 6% ⁠of its workforce, or 800 employees, in February as part of efforts to streamline operations.

EBay has set itself apart from rivals ​by pushing into authenticated ‌luxury goods, collectibles and refurbished products, which draw enthusiasts willing to pay more for valuable items. That has helped its shares rise nearly 40% this year, ‌outperforming the benchmark S&P 500's around 12% ​gain.

"Our strategy is working," Iannone said in the memo, adding that "continuing to capture the ⁠significant opportunity ahead requires us to make thoughtful choices about where we focus and invest."

He said affected staff ‌would be informed in the coming days.

Shares of eBay rose about 1% in early trading.

The company has this year also benefited from its $1.4 billion deal for fashion resale platform Depop, which expanded its reach among younger consumers and strengthened its position in ‌the growing re-commerce market.

That helped eBay forecast third-quarter revenue ​above Wall Street estimates when it last posted results, in August. The company is slated to ⁠report latest earnings next week.

Those efforts have also ⁠caught the eye of GameStop CEO Ryan Cohen, who made an unsolicited $56 billion bid for ‌the much larger eBay in May. EBay had rejected the offer, saying that it was "neither credible nor ​attractive."

Published on October 22, 2026

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