eBay to axe 9% of staff in second round of job cuts in 2026
The latest layoffs follow a round of job cuts in February
eBay announced plans to reduce its workforce by 9% in a second round of job cuts this year, eliminating around 1,000 employees. This follows a previous round of layoffs in February, where the company let go of approximately 800 workers, equaling 6% of its workforce at the time. The company's CEO, Jamie Iannone, emphasized the need to realign teams and resources with strategic priorities to maintain a strong position. eBay's shares rose by 1.2% following the announcement.
The company previously rejected a $56 billion takeover offer from GameStop CEO Ryan Cohen, who proposed cost-saving measures but deemed the bid "neither credible nor attractive."
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