eBay Inc. (EBAY)

The company now

On 20 October 2026 eBay announced a restructuring plan that cuts its global workforce by about 9 percent, and said it expects third-quarter 2026 results above its earlier guidance ranges 3.

The company expects pre-tax charges of $130 million to $150 million, mostly for severance, with the majority in the fourth quarter of 2026 3. Reuters reported that the cut means around 1,100 jobs, on the 12,300 staff eBay had at the end of last year, after 800 left in February 7.

Chief executive Jamie Iannone told staff in a memo reviewed by Reuters that eBay wants to simplify operations and shift resources to its fastest-growing areas 7. The company's own filing says the plan is meant to align teams with its top strategic priorities 3.

The newest quarter on file, the three months to 30 June 2026, brought revenue up 15 percent to $3.1 billion, with gross merchandise volume, the total value of paid sales, at $22.4 billion 2.

Reuters said eBay was slated to report its next earnings the week after the memo 7. The filing lists the risk that the restructuring may distract employees and hurt revenue 3.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.