TLDR
- eBay is cutting around 800 jobs, roughly 6% of its global workforce
- The layoffs span the entire company and are tied to a strategic restructuring
- eBay recently agreed to acquire Depop from Etsy for about $1.2 billion
- Q4 revenue rose 15% to $2.97 billion, beating Wall Street estimates
- The company guided Q1 revenue of $3 billion to $3.05 billion
eBay announced Thursday it is laying off approximately 800 employees, representing about 6% of its global workforce of 12,300 people.
eBay just announced it's laying off about 800 employees — roughly 6% of its global workforce — marking the company's third major round of cuts since 2024.
The San Jose-based company said it's "taking steps to reinvest across our business and align our structure with our… pic.twitter.com/WeDDz6W4TS
— Cheddar (@cheddar) February 26, 2026
The company framed the cuts as part of a broader effort to “reinvest across the business” and align operations with strategic priorities.
No specific timeline for the layoffs was given, and eBay did not say whether it expects to record any restructuring charges.
The cuts are spread across departments, with decisions based on operating model needs, areas of duplication, and alignment with future goals.
Nearly 60% of eBay’s workforce is based in the U.S., according to its most recent SEC filing.
The announcement comes just days after eBay agreed to buy Depop — the secondhand fashion app owned by Etsy — for approximately $1.2 billion in cash.
CEO Jamie Iannone said the Depop deal would expand eBay’s footprint in fashion, one of its fastest-growing categories. Around 90% of Depop’s user base is under 34.
Recent Financial Performance
eBay reported Q4 revenue of $2.97 billion, up 15% year over year, beating analyst expectations.
Gross merchandise volume rose 10% to $21.2 billion. Volume from focus categories — which include collectibles, car parts, and refurbished goods — grew more than 16% year over year.
Adjusted earnings came in at $1.41 per share, topping the $1.35 analysts had expected. Net profit, however, fell to $528 million from $679 million in the same period a year earlier.
AI and Competitive Push
eBay has been ramping up AI investment alongside its cost-cutting moves. It has deployed AI tools internally and across buyer and seller experiences, and has partnered with OpenAI on an agentic web browser.
This isn’t the first round of cuts. eBay has been trimming headcount for several years as it works to keep pace with larger rivals like Amazon and Walmart, plus challengers like TikTok Shop, Temu, and Shein.
Earlier this week, eBay also reached a settlement with a Massachusetts couple who were stalked and harassed by former employees angered by their e-commerce blog. Terms were not disclosed.
For Q1 2026, eBay guided adjusted earnings of $1.53 to $1.59 per share on revenue of $3 billion to $3.05 billion. Analysts had been expecting $1.57 per share on $2.99 billion in revenue.
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