eBay to slash 1,000 more jobs, around 9% of workforce

eBay, the US e-commerce giant, announced plans to lay off an additional 1,000 employees, bringing the total number of job cuts to around 9% of its workforce. The decision comes after the company reported a resurgence in growth earlier this year, following a series of challenging years marked by stagnant revenue. The layoffs, revealed on Tuesday, were communicated to staff on the same day, according to a company spokesman.

The move is aimed at ensuring eBay operates with optimal resources and alignment with its strategic priorities. At the end of 2025, eBay employed 12,300 people, marking the first round of cuts in February, which affected 800 jobs. While the company did not disclose the job cuts during the first and second quarter earnings reports, the announcement was made post the recent growth acceleration.

In July, eBay acquired the clothing resale site Depop for US$1.2 billion, aiming to leverage the burgeoning secondhand apparel market. However, in May, video game retailer GameStop made an unsolicited takeover offer for eBay, valuing the company at US$55.5 billion. The offer was rejected by eBay's board, with investors raising concerns about the deal's financing.