eBay Announces Second Round of Layoffs Despite Business Improvement

eBay plans to lay off about 1,000 employees as part of structural changes, despite positive business forecasts. The company intends to cut approximately 9% of its global workforce, a company representative told Reuters. Restructuring costs are expected to range from $130 to $150 million, primarily for severance and benefits. The layoffs are expected to be mostly completed by the end of the first quarter of 2027. This move follows 800 layoffs announced in February.

Despite the cuts, eBay expects third-quarter results, ending September 30, to exceed previous forecasts. Earlier, in August, the company projected quarterly revenue in the range of $3.07–3.12 billion and gross merchandise volume (GMV) of $22–22.4 billion. The layoffs are part of a broader restructuring aimed at reallocating resources to strategic priorities and supporting long-term growth. eBay noted that savings from the restructuring will contribute to future investments, although specific business units were not named.

The cuts complement a restructuring that has already affected hundreds of employees in California. In April, eBay announced the closure of its office at 300 Mission Street in San Francisco, with operations winding down by September 30. According to WARN notices, 243 layoffs were at the San Jose headquarters and 28 at the San Francisco office; another 198 employees from San Francisco are being relocated to San Jose. The company explained the office consolidation by the expiration of the lease in San Francisco.

eBay continues to expand, particularly in the segments of second-hand, collectible items, and refurbished products. In July, the company completed the acquisition of Depop, a second-hand platform popular with a young audience, paying about $1.4 billion, including preliminary price adjustments. eBay also warned of potential restructuring risks, including disruptions in operational activities and the ability to serve buyers and sellers.