eBay to Cut 9% of Workforce in Second 2026 Layoff Round
TL;DR
- eBay is cutting about 9% of its workforce in its second major layoff round of 2026, following a 6% reduction of roughly 800 staff in February.
- CEO Jamie Iannone framed the cuts in a memo reviewed by Reuters as a push to simplify operations and shift resources to fastest-growing areas like authenticated luxury and refurbished goods.
- The announcement lands a week before eBay's October 28 earnings; the stock is up nearly 40% this year against the S&P 500's roughly 12% gain.
eBay is cutting about 9% of its workforce, CEO Jamie Iannone told staff in an internal memo reviewed by Reuters. It is the company's second major round of layoffs this year, following a 6% reduction in February that cost roughly 800 jobs.
"Our strategy is working," Iannone wrote, adding that "continuing to capture the significant opportunity ahead requires us to make thoughtful choices about where we focus and invest." An eBay spokesperson confirmed the layoffs to Reuters on Wednesday, saying affected staff would be informed in the coming days.
The cuts arrive against unusual strength for the company. eBay's shares are up nearly 40% this year, outperforming the S&P 500's roughly 12% gain, lifted by a push into authenticated luxury goods, collectibles and refurbished products, categories where enthusiasts pay more for scarce or verified items. The company's $1.4 billion acquisition of resale platform Depop widened its footprint among younger shoppers.
The timing matters. eBay reports earnings on October 28, a week after the announcement, and the move lands amid a run of workforce resets we have been tracking across tech, 101 jobs stories in the last 90 days, including Qualcomm's performance-focused layoffs disclosed the day before.
Originally reported by reuters.com
Read the original article →Original headline: eBay to Cut 9% of Workforce in Second Round of 2026 Layoffs, Shifting Resources Toward Authenticated Luxury