{
  "id": 16035420,
  "title": "eBay to cut 1,000 jobs in second layoff this year",
  "url": "https://urgent.news/2026/10/22/ebay-to-cut-1-000-jobs-in-second-layoff-this-year",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-22T10:54:56.000Z",
  "source": {
    "name": "Silicon Republic",
    "slug": "silicon-republic",
    "url": "https://www.siliconrepublic.com/business/ebay-to-cut-1000-jobs-in-second-layoff-this-year"
  },
  "original_language": "en",
  "account": "eBay is set to cut 1,000 jobs in a bid to streamline operations and reinvest in growth areas, marking the second major layoff in a year. The company stated that these cuts represent approximately 9% of its current workforce. eBay CEO Jamie Iannone emphasized the need to focus investments on strategic priorities, stating that their strategy is working. The layoffs come after eBay's recent acquisition of the fashion marketplace Depop for $1.4bn in February, aiming to tap into the resale market. Despite the reduction in headcount, eBay reported a 15% revenue growth to $3.1bn in the second quarter of the year, with expectations of growth of 8 to 10% in the third quarter. The company's push into authenticated luxury goods, collectibles, and refurbished products has contributed to a 40% increase in its share price over the past year.",
  "summary": "The latest layoffs represent about 9pc of eBay’s current workforce. Read more: eBay to cut 1,000 jobs in second layoff this year",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}