eBay Cuts 1000 Jobs in Second Layoff Round of 2026

Online marketplace eBay plans to eliminate approximately 1000 jobs, representing 9% of its workforce, as the company realigns its operations around strategic priorities and faster-growing business areas. A company spokesperson confirmed the cuts to CNBC on October 21, 2026, marking the company's second round of layoffs this year.

The latest reductions follow a workforce cut in February that affected approximately 800 employees, or 6% of the company's staff. According to eBay, the restructuring will involve reallocating teams and resources while preserving hiring in areas that support its business strategy.

As of the end of 2025, eBay employed approximately 12,300 people. The company has reduced its workforce over recent years while increasing spending on artificial intelligence, according to the source report.

An eBay spokesperson said the changes are intended to strengthen the company's operational focus and direct resources toward its main objectives.

"As we work to capture the significant opportunity ahead, this step was taken to ensure we continue to operate from a position of strength by aligning our teams and resources with our top strategic priorities," the spokesperson said in a statement.

The company also indicated that the reductions would not halt recruitment across the organization. eBay plans to continue hiring for roles in areas it considers important to its strategy.

Reuters first reported the planned layoffs, citing an internal memo from CEO Jamie Iannone. In the memo, Iannone expressed confidence in the company's current direction.

"Our strategy is working," said Jamie Iannone, eBay's CEO, in the memo cited by Reuters.

Iannone also linked the company's future growth plans to decisions about how it allocates investment and resources. The memo described those decisions as necessary to pursue opportunities under the existing strategy.

"Continuing to capture the significant opportunity ahead requires us to make thoughtful choices about where we focus and invest," said Jamie Iannone, eBay's CEO, in the memo cited by Reuters.

The workforce reductions come as eBay expands its resale business. Earlier in 2026, the company acquired Depop, a secondhand clothing marketplace known for its appeal among Generation Z and millennial consumers, from Etsy.

The $1.4 billion cash acquisition was finalized in July 2026. The transaction adds a resale platform to eBay's portfolio as the company adjusts its workforce and investment priorities.

eBay shares rose approximately 1% on Wednesday morning, October 21, 2026, according to CNBC's report.