eBay's Two Rounds of Layoffs Focus on High-Growth Markets
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On October 21, 2026, eBay announced plans to lay off approximately 1,100 employees, representing about 9% of its total workforce, to focus on high-growth markets. CEO Jamie Iannone announced the decision in a memo to employees, and an eBay spokesperson confirmed the layoffs to Reuters. This is eBay's second round of layoffs this year: The company previously cut 6% of its workforce, or approximately 800 employees, in February. For the quarter ended June 30, eBay's revenue increased 15% year over year to $3.13 billion, while gross merchandise volume (GMV) rose 15% year over year to $22.4 billion; the company's stock price has risen 40% year to date.
AI-written from reports · updated 2 hours ago
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- PYMNTSeBay to cut 1,100 employees, shift toward high-growth markets
eBay plans to cut 9% of its workforce, or about 1,100 employees, to focus on high-growth markets; CEO Jamie Iannone announced the decision in an employee memo, and an eBay spokesperson confirmed the layoffs to Reuters. The latest round of layoffs follows a 6% cut affecting 800 employees in February, while the company’s stock has risen 40% this year. For the quarter ended June 30, eBay’s revenue grew 15% year over year to $3.13 billion, while GMV grew 15% year over year to $22.4 billion.
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