eBay is eliminating approximately 1,000 jobs, representing about 9% of its workforce, in the company's second major round of layoffs this year [1]. The job cuts were announced in an internal memo from CEO Jamie Iannone and confirmed by an eBay spokesperson to Reuters [1]. Iannone stated in the memo that "Our strategy is working" and emphasized the company must strategically direct investments and resources to capitalize on future opportunities [1]. Affected employees will be notified in the coming days [1].
This latest reduction follows a separate round of layoffs in February 2025, when eBay eliminated approximately 800 positions, representing about 6% of its workforce [1]. Combined, these two rounds represent approximately 1,800 job cuts totaling roughly 15% of the company's workforce. According to eBay's annual SEC filing, the San Jose, California-based company employed approximately 12,300 people worldwide at the end of 2025, including roughly 7,200 in the United States [1].
The layoffs occur as eBay continues strategic expansion in high-growth categories including luxury goods, collectibles, and refurbished merchandise [1]. In July, eBay completed its acquisition of secondhand fashion marketplace Depop from Etsy for approximately $1.4 billion, aimed at expanding its reach among younger shoppers [1]. The company noted that fashion generates more than $10 billion in annual gross merchandise volume for eBay [1]. The timing of these job cuts precedes eBay's third-quarter earnings report, scheduled for the following week [1].
CONCLUSION
eBay's second major workforce reduction this year signals aggressive cost-cutting and operational streamlining despite management's assertion that "our strategy is working." The combined elimination of approximately 1,800 jobs (15% of workforce) in two rounds reflects significant organizational restructuring, though the company continues strategic investments in high-margin categories like luxury goods and fashion through acquisitions like Depop.