Business · Updated 22 Oct, 10:41 am IST
eBay to cut about 1,000 jobs, roughly 9% of workforce
Why it matters for readers: It explains why a major online marketplace is shrinking staff now and how it links to broader business moves like acquisitions.
- The company informed employees on Tuesday that around 1,000 roles will be cut, about 9% of its workforce.1
- eBay had about 12,300 employees at the end of 2025 and previously cut 800 jobs in February.1
- eBay said the move is to align teams and resources with top strategic priorities and will support affected staff through the transition.1
- The company returned to growth in 2025 and accelerated in the first half of 2026, and recently acquired Depop for $1.2 billion.1
- GameStop made an unsolicited takeover offer valuing eBay at $55.5 billion earlier this year, which the board rejected.1
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