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Shopping bags and packages represent the online retail industry, shown in an illustrative image.
eBay to Cut About 1,000 Jobs in Plan to Simplify Operations
SAN FRANCISCO — October 21, 2026
Online marketplace eBay plans to cut about 9% of its workforce, eliminating around 1,000 jobs as the company seeks to simplify its operations and move resources toward its fastest-growing business areas.
Chief Executive Jamie Iannone announced the planned layoffs in an internal memo reviewed by Reuters. An eBay spokesperson confirmed the job cuts on Wednesday, adding that affected employees would be informed in the coming days.
The company had 12,300 employees at the end of 2025. It also eliminated about 800 jobs, or 6% of its workforce, in February as part of an earlier effort to streamline its operations.
Iannone said eBay's current strategy was delivering results but that the company needed to make careful decisions about where it focused its investment. The planned cuts are intended to help the business concentrate on areas with stronger growth opportunities.
In recent years, eBay has expanded its focus on authenticated luxury goods, collectibles and refurbished products. These categories attract buyers looking for distinctive items and products with higher values, helping the company compete in a crowded online retail market.
The company's shares have gained nearly 40% this year, outperforming the S&P 500, which has risen about 12% over the same period, according to the report. Its stock rose around 1% in early trading on Wednesday following the announcement.
eBay has also strengthened its position in the resale market through its $1.4 billion deal for Depop, a fashion resale platform popular with younger consumers. The acquisition expanded the company's reach in the growing market for second-hand goods.
These business moves helped eBay forecast third-quarter revenue above analysts' expectations when it reported results in August. The company is scheduled to release its latest earnings next week, providing investors with another update on its performance.
The job cuts come as eBay faces broader questions about its future strategy and ownership. In May, GameStop Chief Executive Ryan Cohen made an unsolicited $56 billion offer to acquire eBay. The online marketplace rejected the proposal, describing it as neither credible nor attractive.
The planned workforce reduction marks another major round of job cuts as eBay reshapes its operations. The company is seeking to direct more resources toward businesses it sees as offering stronger growth, while investors await its next earnings report.
