eBay is cutting about 1,000 jobs, roughly 9% of its workforce, in its second round of layoffs this year, according to an internal memo from CEO Jamie Iannone that Reuters obtained. A filing with the Securities and Exchange Commission puts the price of the restructuring at $130 million to $150 million, almost all of it severance and post-employment benefits.
The cuts come from a company that is growing. In results released Oct. 28, eBay reported third-quarter revenue of $3.2 billion, up 14%, on $23.2 billion of goods sold across its marketplace.
Iannone’s memo says affected employees will be told in the coming days. Until then, nearly everyone on the payroll is waiting to learn which side of the 9% they are on. eBay had about 12,300 employees worldwide at the end of 2025, roughly 7,200 of them in the United States, which means well over half the workforce sits in the U.S. and the cut can reach into every office and team.
Retirement deadlines, in your inbox: Miss an enrollment or claim deadline and the money can be gone. Join the Retirement Money Brief and we’ll send you our 2026 Government Check Reality Tracker as a welcome gift.
Get the Brief + the check tracker →
We may earn a commission from links on this page.
Why is eBay cutting jobs in a quarter this strong?
Iannone wrote in the memo that “our strategy is working,” and said the company has to decide where to put its investments and resources to chase what comes next. The filing describes the plan the same way, as an effort to align teams and resources with eBay’s top strategic priorities. Neither says which teams are affected.
The filing that announced the plan also told investors that third-quarter results would land above the guidance ranges eBay gave in August. Those results arrived on Oct. 28, and eBay now guides to fourth-quarter revenue of $3.19 billion to $3.24 billion and full-year revenue of $12.62 billion to $12.67 billion, with goods sold of $23.7 billion to $24.1 billion in the fourth quarter. A company forecasting that kind of year is not cutting because sales have stopped.
The company is leaning into luxury goods, collectibles and refurbished merchandise. In July it closed its roughly $1.4 billion purchase of Depop, the secondhand fashion marketplace it bought from Etsy to reach younger shoppers. Fashion already brings eBay more than $10 billion a year in goods sold.
How does this round compare with February’s?
The first round came on Feb. 26, when eBay said it would cut about 800 roles, roughly 6% of its full-time staff, a week after it announced the Depop deal. At that time the company said it was taking steps to “align our structure with our strategic priorities.”
Restructuring and executive bonuses already stand at $102 million for the first nine months of 2026, according to the earnings release, before the fourth-quarter charge is added. The October charge alone, at $130 million to $150 million, is larger than that entire nine-month figure, and eBay says it may also incur charges or cash costs it has not anticipated.
Put together, the two 2026 rounds come to about 1,800 positions. That is not new territory for the company. The same report counts about 1,000 cuts, also 9% of staff, in early 2024 and about 500 in early 2023.
When does the money go out, and when are the cuts done?
eBay told investors that most of the $130 million to $150 million will be booked in the fourth quarter of 2026, and that all of it will turn into cash spending. The company expects the employee actions to be substantially complete by the end of the first quarter of 2027. That timing is subject to local law, consultation requirements and business needs, so the schedule can differ from one country to the next.
The same fourth-quarter figure shows up in eBay’s earnings outlook, which counts $130 million to $150 million of restructuring expense for the quarter and $212 million to $232 million for all of 2026. The filing gives a total for severance and benefits but does not break it down per employee, so what any individual worker is offered depends on the terms eBay delivers in the coming days.
What if one of eBay’s 1,000 is in your family?
A layoff rarely stays with the person who gets the notice. A stopped paycheck pushes bills toward savings and retirement accounts, and sometimes toward parents and grandparents who step in. eBay’s filing shows the money set aside for departing staff, and it also shows that most of it is booked in one quarter and paid on the company’s calendar.
The Keep-It Starter Bundle is a 95-page download of nine short guides, one for each place a retirement quietly loses money. It does not find anyone a job. It covers the other side of the page: nine guides in one download, plus how to cut the house costs, with every senior property-tax break and the equity options that go with them.
Get the nine money-leak guides for a household bracing for a layoff →
This article was produced with AI assistance and edited for accuracy against the sources linked above.
Warren Cohen is a finance writer based in Phoenix, Arizona, covering personal finance topics including credit, banking, and beginner investing. He earned his degree in business administration from Arizona State University and began his career working in consumer finance, where he gained direct experience with lending and credit systems. He now writes for personal finance websites and fintech platforms, focusing on clear, practical content that helps readers make informed financial decisions.
