US e-commerce company eBay will cut approximately 1,000 jobs, or 9% of its workforce, to redirect capital into higher-growth commercial divisions.
Chief executive officer Jamie Iannone announced the planned redundancies in an internal staff memo seen by Reuters, with a company representative confirming the figures on Wednesday (21 October 2026).
Personnel impacted by the reductions will be notified over the coming days.
“Our strategy is working. Continuing to capture the significant opportunity ahead requires us to make thoughtful choices about where we focus and invest,” Iannone said in the memo.
The downsizing follows a previous restructuring programme in February, when the business dismissed 800 employees, representing approximately 6% of its staff.
eBay started the year with a worldwide headcount of 12,300.
The marketplace has concentrated its activities on collectors’ items, refurbished merchandise, and secondary luxury goods.
Commercial momentum this year has additionally been aided by the $1.2bn acquisition of second-hand clothing platform Depop, designed to secure market share across younger demographics.
In a statement to Retail Insight Network, a company spokesperson said: “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. We are grateful for the contributions of these colleagues, and are committed to supporting them through this transition with care and respect.”
The company is scheduled to release its third-quarter financial performance next week.
During the second quarter of 2026, eBay generated $3.13bn in revenue, representing a 15% rise year-on-year on an as-reported basis and a 14% uplift on a foreign exchange (FX)-neutral basis.
For the three months ended 30 June 2026, gross merchandise volume climbed 15% to $22.39bn, reflecting a 14% increase on an FX-neutral basis.
Earlier this year, GameStop submitted an unsolicited, non-binding proposal to acquire eBay in a cash-and-stock arrangement valued at $55.5bn, offering $125 per share.
eBay's board later rejected the bid, deeming it “neither credible nor attractive.”
