eBay to Cut 9% of Workforce to Simplify Operations

Key Facts

1eBay announced plans to lay off approximately 9% of its full-time workforce to simplify its organizational structure.

eBay announced plans to lay off approximately 9% of its full-time workforce to simplify its organizational structure. Reuters reported that the company is cutting about 1,000 jobs as part of a broader effort to align its expenses with its growth profile.

The restructuring aims to improve operational efficiency and better support long-term innovation. EBAY closed at $121.19 on October 20, 2026, having traded between a low of $119.9 and a high of $122.16 during that session.