eBay Cuts 9% of Workforce in Second Round of 2026 Layoffs
EBAY sits 55% above its 52-week low of $78.03.
Summary
eBay is cutting about 9% of its workforce, CEO Jamie Iannone said in an internal memo confirmed by a company spokesperson. This is the second round this year, following roughly 800 employees, or 6% of staff, let go in February. Management frames it as simplifying operations and shifting resources to its fastest-growing areas — authenticated luxury, collectibles and refurbished goods — which have driven the stock up nearly 40% this year, well ahead of the S&P 500. The cuts come with shares near a 52-week high and after a strong Q2 in August (revenue up 15% to $3.10 billion) plus the Depop integration. Earnings are due next week, which is where the cost savings and any restructuring charge will show up.
At the time of this announcement, EBAY was trading at $121.21 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $53.9B. The 52-week trading range was $78.03 to $124.59. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.