eBay cuts 9% of its workforce, about 1,000 jobs, its second round in eight months

eBay will lay off about 9% of its workforce, roughly 1,000 employees, a spokesperson confirmed to CNBC. Reuters reported it first from a staff memo by CEO Jamie Iannone, and the Wall Street Journal also covered it. The company described the step as aligning teams "with our top strategic priorities" and said it will keep hiring in priority areas.

The number behind the number

This is the second reduction this year. CNBC reported that a 6% cut, about 800 employees, came in February. eBay had roughly 12,300 employees at the end of 2025. Adding the two rounds gives about 1,800 jobs, or roughly 15% of that base. That sum is our arithmetic from the reported figures, not a number the company has given.

The cuts are not coming from a company in distress. eBay's 10-K on SEC EDGAR shows 2025 revenue of $11.1 billion and net income of $2.031 billion. Its 10-Q for the second quarter of 2026 shows revenue of $3.134 billion and net income of $550 million for the quarter, and $1.062 billion for the first half. Revenue of $11.1 billion over about 12,300 employees works out to roughly $900,000 per head.

Nasdaq showed the shares at $123.02 at 1:50 PM ET, up 1.5% on the day, with a 52-week range of $78.03 to $124.59 and a market value of about $54.7 billion. Investors are not treating the news as a warning. We cannot say from the filings alone why the shares are up today.

The AI spending trade-off

CNBC noted that eBay has been shrinking headcount for years while increasing spending on artificial intelligence. eBay also closed a $1.4 billion purchase of the resale app Depop from Etsy in July, per CNBC, so the company is cutting staff while paying to add a marketplace.

Who it hits

The direct hit is about 1,000 employees. We have not seen a breakdown by location or function and will not guess one.

For sellers, nothing in the reports says fees, policies or seller support will change. A seller who relies on eBay support teams is the person to watch: when marketplaces trim staff, response times and dispute handling are where small merchants feel it first. That is a reason to keep records of orders, shipping and messages, not a finding. Sellers who sell mainly on one platform have a concentration risk of their own, and our small business coverage follows how the major marketplaces change their terms.

What to watch

• The restructuring charge. eBay's next 10-Q should show what the cuts cost and how much it expects to save.
• eBay's third-quarter results, for any shift in marketplace volume.
• Any change to seller fees or support terms.

Sources: CNBC; Reuters; WSJ; eBay filings on SEC EDGAR; Nasdaq. Calculations are Chronicle arithmetic. This is market information, not investment advice.