Key Highlights
- eBay cutting around 800 jobs, representing 6% of its global workforce
- Staff reductions span across multiple divisions as part of organizational realignment
- E-commerce giant completing $1.2 billion Depop acquisition from Etsy
- Q4 revenue surged 15% year-over-year to $2.97 billion, beating analyst expectations
- Q1 revenue guidance projected at $3 billion to $3.05 billion
The e-commerce giant announced Thursday its decision to cut approximately 800 jobs from its current global workforce of around 12,300 employees.
eBay described the staff reductions as a component of a broader effort to “reinvest across the business” and align its operations more effectively with long-term strategic goals.
The organization hasn’t specified an exact timeline for implementing the layoffs or indicated whether any related restructuring charges will be recognized.
Impacted roles are distributed across multiple departments, with decisions based on operational requirements, elimination of duplicative functions, and strategic priorities.
Based on recent SEC filings, approximately 60% of eBay’s workforce is located in the United States.
The job cuts come as eBay prepares to finalize its acquisition of Depop — a secondhand fashion platform currently under Etsy’s ownership — for approximately $1.2 billion in cash.
CEO Jamie Iannone noted that bringing Depop into the fold will bolster eBay’s fashion category, one of its fastest-growing market segments. The Depop platform attracts a predominantly young audience, with roughly 90% of users under 34 years old.
Quarterly Financial Results
nThe online marketplace reported Q4 revenue of $2.97 billion, marking a 15% year-over-year increase and exceeding Wall Street estimates.
Gross merchandise volume rose 10% to $21.2 billion. Sales volume in focus categories — including collectibles, auto parts, and refurbished goods — grew more than 16% compared to the prior year.
Adjusted earnings per share came in at $1.41, topping analyst forecasts of $1.35. Despite this, net income dropped to $528 million from $679 million in the same quarter a year earlier.
Artificial Intelligence Initiatives and Market Competition
While implementing cost-cutting measures, eBay is simultaneously advancing its artificial intelligence strategy. The company has deployed AI-driven tools for both internal processes and customer-facing applications, including a partnership with OpenAI focused on agentic browsing technology.
These layoffs mark the latest in a series of workforce adjustments at eBay. The company has steadily trimmed its employee count in recent years as it works to stay competitive against retail giants like Amazon and Walmart, plus fast-growing rivals including TikTok Shop, Temu, and Shein.
Also this week, eBay reached a settlement with a Massachusetts couple who were victims of stalking and harassment by former employees angered by the couple’s e-commerce industry blog. The settlement details were not disclosed.
For Q1 2026, eBay forecasts adjusted earnings per share of $1.53 to $1.59 on revenue between $3 billion and $3.05 billion. Analysts had previously expected $1.57 per share on $2.99 billion in revenue.
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