eBay to cut workforce by about 9%, roughly 1,000 jobs

Shares rose 1.6% in pre-market trading after the company outlined the cuts in a memo from its chief executive.

eBay shares rose 1.6% in pre-market trading after the company said it will cut about 9% of its global workforce, a reduction of roughly 1,000 employees, according to a memo from the chief executive reviewed by Reuters.

The memo cited simplifying operations and prioritizing growth areas as reasons for the cut. The company said it will keep hiring in "priority areas aligned with our strategy," though it has not linked the cuts to any specific product category, according to CNBC and TechTimes.

Ebay had about 12,300 employees at the end of 2025, CNBC reported. This is the company's second round of layoffs this year, following a 6% reduction affecting about 800 employees in February, and it follows cuts of about 500 jobs in 2023 and roughly 1,000 in 2024 under chief executive Jamie Iannone, according to CNBC and the San Francisco Chronicle.

The premarket gain suggests investors are reading the cut as cost discipline rather than a sign of weakening demand, in line with a broader pattern in which tech layoffs are rewarded when framed as reallocating spending toward priority areas rather than defensive retrenchment. Whether the savings are redeployed effectively remains an open question, one likely to surface in margin trends over coming quarters rather than in this initial stock reaction. EBay reports third-quarter results on Oct. 28, according to the San Francisco Chronicle.