eBay plans to cut about 1,000 jobs in second layoff round this year
The planned cuts amount to about 9% of eBay’s workforce. The company says it will continue hiring in priority areas.
eBay plans to cut about 1,000 jobs, or 9% of its workforce, in a second round of layoffs this year. Reuters first reported the plan on 21 October, according to CNBC, which obtained confirmation from an eBay spokesperson. The cuts would affect roughly one in 11 employees at the online marketplace.
The spokesperson said the company was aligning teams and resources with its ‘top strategic priorities’ and would continue hiring in priority areas. The company did not say when the cuts would take effect or identify the roles or locations affected.
Jamie Iannone’s message to eBay staff
Reuters cited a staff memo from chief executive Jamie Iannone, CNBC reported. ‘Our strategy is working,’ Iannone wrote. He said continuing to pursue the opportunity ahead required the company to make choices about where to focus and invest. CNBC’s account quotes part of the memo; it does not establish which teams will lose jobs.
How this round compares with February’s cuts
CNBC reported that eBay cut about 800 jobs in February, equivalent to 6% of its workforce at the time. The new plan is larger in both the number of employees affected and the share of the workforce. Together, the two announcements mark a substantial reduction in staffing during 2026, even as eBay says it will hire for selected work.
eBay had roughly 12,300 employees at the end of 2025, according to CNBC. That figure predates both rounds of cuts, so it is a reference point for the company’s size rather than a current headcount. The announced 1,000 jobs are the company’s estimate for this latest round.
eBay’s results and Depop acquisition
In its second-quarter results, eBay reported revenue of $3.1 billion and gross merchandise volume of $22.4 billion for the three months ended 30 June. The figures provide a measure of the marketplace’s business before the latest layoff plan. Gross merchandise volume measures the value of transactions on the marketplace, while revenue is the amount eBay recorded from its business.
eBay said it completed its acquisition of clothing resale platform Depop on 30 July; CNBC valued the cash deal at $1.4 billion. CNBC also reported that eBay has increased spending on artificial intelligence while reducing headcount over recent years. Neither the purchase nor AI spending was identified by the company as a specific cause of this round of cuts.
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Sources and context
- EBay to lay off 9% of workforce in its second round of job cuts this yearCNBC (Reuters credited for first reporting the news and for the staff memo)
- eBay Inc. Reports Second Quarter 2026 ResultseBay Inc.
AI-assisted article checked against the listed sources. NewsJaws did not conduct interviews or attend the reported events.