{
  "id": 16055056,
  "title": "eBay to axe 9% of staff in second round of job cuts in 2026",
  "url": "https://urgent.news/2026/10/22/ebay-to-axe-9-of-staff-in-second-round-of-job-cuts-in-2026",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T14:07:12.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/ebay-axe-9-staff-second-round-job-cuts-2026"
  },
  "original_language": "en",
  "account": "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.\"",
  "summary": "The latest layoffs follow a round of job cuts in February",
  "key_points": [
    "eBay plans to cut 9% of staff, eliminating 1,000 employees.",
    "Second round of layoffs follows February's 6% reduction.",
    "CEO Jamie Iannone cites need to realign teams and resources."
  ],
  "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."
}