GoKawiileBay to Lay Off About 1,000 Employees, 9% of Staff
eBay plans to cut roughly 1,000 jobs, or 9% of its workforce, according to a memo from CEO Jamie Iannone. The company had 12,300 employees at the end of last year and already cut about 800 jobs, or 6% of staff, in February. Iannone said affected employees would be notified in the coming days.
GoKawiil's interpretation of the reporting above, not reported fact.
The cuts come even as eBay's stock has risen nearly 40% this year, suggesting the layoffs are less about financial distress and more about reallocating resources toward higher-growth categories like authenticated luxury goods and collectibles. Iannone's framing of 'thoughtful choices about where we focus and invest' indicates a strategic narrowing rather than a retreat, though the human cost falls on roughly 1,800 employees across two rounds this year.
- eBay will cut about 1,000 jobs, 9% of its 12,300-person workforce
- This follows a separate 800-job cut in February, meaning nearly 1,800 layoffs in 2024
- CEO Jamie Iannone frames the move as reallocating resources to fast-growing segments like luxury and collectibles amid a 40% stock gain this year
Source: slashdot.org, 2026-10-21
Published there as: “eBay to Cut 9% of Workforce”
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