eBay Confirms Layoffs of About 9%, Streamlining Operations and Shifting Capital to High-Growth Businesses
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eBay confirmed on October 21, 2026 that it will lay off approximately 9% of its workforce, affecting around 1,100 employees, with affected staff to be notified in the coming days. This round of layoffs follows a previous cut of about 6% (affecting 800 employees) in February 2026, marking the second round of layoffs this year. The move aims to streamline operations, reduce costs, and redirect capital toward high-growth businesses. At the time of the announcement, eBay's stock price had reached an all-time high. Its Q2 2026 revenue was $3.13 billion, up 15% year-over-year, with earnings per share of $1.60, exceeding market expectations. eBay previously rejected Ryan Cohen's unsolicited $56 billion acquisition offer. Currently, analyst ratings are mixed, with an average 12-month target price of $118.
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- ZeroHedgeeBay to Cut 9% of Workforce as Shares Hit All-Time High, Unaffected by Ryan Cohen Bid
eBay confirmed it will cut approximately 9% of its workforce (about 1,100 employees) to streamline operations and prioritize high-growth businesses. This follows a 6% reduction (800 employees) in February. eBay shares have reached all-time highs, with Q2 2026 revenue of $3.13 billion (up 15% year-over-year) and EPS of $1.60, beating market expectations. eBay previously rejected Ryan Cohen’s unsolicited $56 billion takeover offer. Analyst ratings are currently mixed, with an average 12-month price target of $118.
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