eBay to cut about 1,000 jobs in second round of layoffs this year

Fox Business·Oct 22, 2026 · 7:39 AM CT

Readthrough summary

eBay is eliminating about 1,000 jobs, or roughly 9% of its workforce, according to an internal memo from CEO Jamie Iannone that Reuters first reported Wednesday. An eBay spokesperson confirmed the cuts.

"Our strategy is working," Iannone wrote, adding that the company has to decide where to put its investments to capture future opportunities. Affected employees are to be notified in the coming days.

The cuts follow about 800 layoffs, around 6% of staff, in February. eBay had roughly 12,300 employees at the end of 2025, about 7,200 of them in the U.S., according to its annual SEC filing.

The company is focusing on luxury goods, collectibles, refurbished merchandise and fashion. In July it completed its roughly $1.4 billion purchase of secondhand fashion marketplace Depop from Etsy.

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