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eBay Announces Another Round of Layoffs, Cutting 1,100 Jobs Amid Stock Surge
The e-commerce giant eBay is laying off approximately 1,100 employees, representing 9% of its global workforce. This marks the company's second major round of layoffs this year, following the dismissal of about 800 employees in February, bringing the total job reductions in 2026 to around 1,900.
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What happened
- 01eBay is laying off approximately 1,100 employees, which represents 9% of its global workforce.
- 02This latest round of cuts brings eBay's total job reductions this year to about 1,900, following 800 layoffs in February.
- 03The company is closing its development center in Netanya, Israel, by early 2026, affecting about 100 employees.
- 04CEO Jamie Iannone stated in an internal memo that the layoffs aim to simplify the organizational structure.
- 05The layoffs occur despite eBay's stock rising between 37% and nearly 40% since the beginning of the year.
- 06eBay reported a 15% year-over-year revenue increase to approximately $3.13 billion in the second quarter.
- 07The restructuring follows eBay's $1.4 billion acquisition of the secondhand clothing marketplace Depop.
According to an internal memo from CEO Jamie Iannone, the layoffs aim to simplify the company's organizational structure and reallocate resources to growing business areas. The cuts may also be linked to streamlining operations, integrating artificial intelligence tools, or reducing redundancies following the $1.4 billion acquisition of the secondhand fashion platform Depop.
The workforce reductions come despite strong business and stock performance. In the second quarter, eBay reported a 15% year-over-year revenue increase to approximately $3.13 billion, while its stock has risen between 37% and nearly 40% since the start of the year, outperforming competitor Amazon.
As part of its global restructuring, eBay is also proceeding with the closure of its development center in Netanya, Israel. The closure, which is expected to be completed by early 2026, will affect approximately 100 employees.
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