{"id":7303,"date":"2026-10-22T13:07:08","date_gmt":"2026-10-22T13:07:08","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=7303"},"modified":"2026-10-22T13:07:08","modified_gmt":"2026-10-22T13:07:08","slug":"ebay-to-cut-1000-jobs-in-second-round-of-layoffs-this-year","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=7303","title":{"rendered":"eBay to cut 1,000 jobs in second round of layoffs this year"},"content":{"rendered":"
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GameStop CEO Ryan Cohen outlines his proposed $56 billion takeover of eBay on \u00e2\u0080\u0098Making Money.\u00e2\u0080\u0099<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
eBay is cutting approximately 1,000 jobs \u00e2\u20ac\u201c or about 9% of its workforce \u00e2\u20ac\u201c marking the online marketplace’s second round of layoffs this year as it looks to streamline operations and focus on key areas of growth.<\/p>\n
The job cuts were outlined in an internal memo from CEO Jamie Iannone obtained by Reuters, which first reported the move Wednesday. An eBay spokesperson also confirmed the layoffs to the news agency.<\/p>\n
“Our strategy is working,” Iannone wrote in the memo.\u00a0<\/p>\n
He said the company must decide where to direct its investments and resources to capitalize on future opportunities.<\/p>\n
AMAZON PAUSES OPERATIONS WITH CARGO CARRIER 21 AIR FOLLOWING FATAL MIAMI PLANE CRASH<\/strong><\/p>\n
eBay headquarters in San Jose, California, on Monday, Aug. 9, 2021.<\/span> (David Paul Morris\/Bloomberg via Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n
Affected employees will be notified in the coming days, according to the memo.<\/p>\n
The latest reductions follow a separate round of layoffs in February, when eBay eliminated approximately 800 positions, representing about 6% of its workforce.<\/p>\n
A view of the eBay pop-up store is seen on Sept. 20, 2025, in Los Angeles, California.<\/span> (Anna Webber\/Getty Images for Teen Vogue \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n
The San Jose, California-based company employed approximately 12,300 people worldwide at the end of 2025, including roughly 7,200 in the United States, according to its annual filing with the Securities and Exchange Commission.<\/p>\n
The cuts come as eBay continues to expand its presence in categories including luxury goods, collectibles and refurbished merchandise.<\/p>\n
Signage at eBay headquarters in San Jose, California, on Aug. 9, 2021.<\/span> (David Paul Morris\/Bloomberg via Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n
In July, eBay completed its acquisition of secondhand fashion marketplace Depop from Etsy for approximately $1.4 billion, expanding its reach among younger shoppers.<\/p>\n
The company said at the time that the acquisition would build on its position in fashion, a category generating more than $10 billion in annual gross merchandise volume for eBay.<\/p>\n
CLICK HERE TO GET FOX BUSINESS ON THE GO<\/strong><\/p>\n
The layoffs also come ahead of eBay’s third-quarter earnings report, scheduled for next week.<\/p>\n
FOX Business has reached out to eBay for comment.<\/p>\n
Reuters contributed to this report.\u00a0<\/i><\/p>\n<\/div>\n
GameStop CEO Ryan Cohen outlin… <\/p>\n","protected":false},"author":1,"featured_media":1140,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[372,1711,537,619,85],"class_list":["post-7303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-cut","tag-ebay","tag-jobs","tag-layoffs","tag-year"],"yoast_head":"\n
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