eBay to cut 9% of workforce in second round of layoffs

Summarised from 2 outlets · Updated 21 Oct, 17:32 · Archive

eBay will lay off about 1,000 employees, or 9% of its workforce, to focus on strategic priorities.

eBay will eliminate about 1,000 jobs, affecting 9% of its workforce. This is the company's second round of layoffs in 2025, following a 6% reduction in February that affected roughly 800 employees. eBay had approximately 12,300 employees at the end of last year.

The company said the cuts will help it streamline operations and redirect resources to fastest-growing areas. CEO Jamie Iannone told staff in a memo that the move was necessary to "make thoughtful choices about where we focus and invest" as it pursues significant opportunities ahead. The company will continue hiring in areas aligned with its strategy, and affected staff will be informed in the coming days.

EBay has been investing in authenticated luxury goods, collectibles and refurbished products, which have attracted customers willing to pay higher prices. The company has also benefited from its $1.4 billion acquisition of fashion resale platform Depop, completed in July, which expanded its reach to younger consumers. These efforts contributed to eBay's shares rising nearly 40% this year, outperforming the S&P 500's 12% gain.

How it is being reported

• EBay to ax 9% of workforce — 1,000 jobs — in second round of cuts this yearThe online marketplace looks to simplify operations and shift resources to its fastest-growing areas, CEO Jamie Iannone told staff.New York Post · 21 Oct, 17:07
• EBay to lay off 9% of workforce in its second round of job cuts this yearEBay will lay off 9% of its workforce, or about 1,000 employees, as it works to focus on its "top strategic priorities."CNBC · 21 Oct, 16:17

In this story: eBay · Jamie Iannone · Depop · Etsy · GameStop · Ryan Cohen

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