eBay announces workforce reduction amid business restructuring

eBay Inc (NASDAQ:EBAY, XETRA:EBA) said connected Thursday that it volition chopped astir 6% of its planetary workforce, oregon astir 800 employees, arsenic portion of a company-wide effort to trim costs and realign operations.

“We are taking steps to reinvest crossed our concern and align our operation with our strategical priorities, which volition impact definite roles crossed our workforce,” a institution spokesperson said.

The spokesperson did not specify erstwhile the reductions volition instrumentality spot oregon whether eBay anticipates signaling immoderate charges related to the restructuring.

The institution employed astir 12,300 radical astatine the extremity of 2025, with astir 60% of unit based successful the United States, according to its astir caller yearly filing with the Securities and Exchange Commission.

eBay said the cuts volition beryllium dispersed crossed the enactment alternatively than concentrated successful immoderate azygous department. The institution besides noted that affected employees volition person support, and that it intends to negociate the process with “care, dignity and respect.”

Management cited rising costs and headcount maturation that outpaced the concern arsenic reasons for the reduction. The institution said it plans to streamline operations and reinvest resources successful areas including artificial quality and cardinal marketplace categories specified arsenic manner resale, collectibles, car parts, and refurbished goods.

The announcement besides comes soon aft eBay agreed to get Depop, a secondhand manner marketplace, for astir $1.2 cardinal successful cash.

This marks the 3rd large circular of layoffs astatine eBay successful 3 years. The institution chopped astir 500 jobs, oregon 4% of its workforce, successful aboriginal 2023, followed by astir 1,000 positions, oregon 9%, successful aboriginal 2024.

Shares of eBay traded higher connected the news, adding 3.4% astatine astir $88. The banal has added much than 27% successful the past 12 months.