Compiled from reports by The Next Web and CTech. See the original articles linked below.
Online marketplace eBay is reducing its workforce by about 9%, which amounts to roughly 1,000 jobs, according to reports published on 21 October 2026. The Next Web, citing an internal memo from chief executive Jamie Iannone that Reuters reported first, said the move is the company's second round of layoffs this year.
CTech reported that Iannone sent the memo to employees on Wednesday and that a company spokesperson confirmed the figure of around 1,000 positions. Both outlets wrote that staff affected by the decision are to be notified in the coming days.
Reason given in the memo
The Next Web wrote that, according to the memo, eBay wants to simplify how it operates and move resources toward the areas of its business that are growing fastest. CTech's account matches this. Both outlets quote the chief executive as saying the company's strategy is working. The Next Web adds that, in the memo's words, the next phase calls for "thoughtful choices" about where eBay focuses and invests.
Earlier reductions
The Next Web reported that eBay cut about 800 jobs, or 6% of its staff, in February, and that it also made reductions in early 2023 and early 2024. CTech said eBay had 12,300 employees at the end of last year. It added up the February and October rounds to roughly 1,800 jobs, close to 15% of year-end headcount. CTech stated that this total is its own calculation and that eBay has not published it.
Business background
According to CTech, eBay has concentrated on authenticated luxury goods, collectibles and refurbished products, and its $1.4 billion purchase of the fashion resale platform Depop has helped it reach younger shoppers. The Next Web described Depop as a secondhand fashion app that gives eBay a way to compete with Vinted.
Both outlets mention a takeover approach from GameStop. CTech wrote that GameStop chief executive Ryan Cohen made an unsolicited offer valued at $56 billion in May, and that eBay turned it down. The Next Web reported that eBay called the proposal "neither credible nor attractive."
CTech reported that eBay's shares have risen nearly 40% this year, compared with about 12% for the S&P 500 index. It also noted that in August the company forecast third-quarter revenue above Wall Street estimates. The Next Web said the shares were up about 1.2% in New York on Wednesday morning.
CTech also recalled that in May 2025 eBay announced it would close its Israeli office in early 2026, affecting more than 200 employees.
The Next Web wrote that eBay is due to publish its quarterly results on 28 October, while CTech said the company reports earnings next week.
Sources
- eBay to cut 9% of its staff, its second round of layoffs this year (The Next Web, 2026-10-21)
- “Our strategy is working,” says eBay CEO, as he announces layoffs (CTech, 2026-10-21)
This article was compiled with AI assistance from the reports listed above and reviewed by GMA before publishing.