eBay announced it will lay off about 1,000 employees, roughly 9% of its workforce, to streamline operations and focus on its fastest-growing strategic priorities. This is the second round of layoffs this year, following 800 job cuts in February. The company recently acquired Depop, a popular clothing resale platform, for $1.4 billion to strengthen its position with younger consumers. Despite the layoffs, eBay plans to continue hiring in priority areas aligned with its growth strategy, including increased investment in artificial intelligence.
As of Oct 21, 2026 22:31 WIB, eBay shares are trading at USD 122.70 on Pluang, showing a 1.25% gain for the day. The stock's market cap stands at $53.93 billion, reflecting steady investor interest despite the company's recent announcement of workforce reductions. Pluang data also shows a strong buying sentiment with 77% of order activity favoring purchases, highlighting confidence in eBay's strategic focus areas.
