eBay is cutting roughly 800 jobs, about 6% of its global full-time workforce, in a fresh round of layoffs announced today. The reductions, which the company says will hit multiple teams, were first reported in the afternoon and are being communicated to affected employees throughout the week.
The company says the cuts are meant to “align our structure with our strategic priorities” and free up resources to reinvest across the business. Executives also stressed they are grateful for the contributions of the employees impacted and are committed to supporting them with care and respect, according to Bloomberg.
Inside eBay’s Numbers
In its latest investor release, eBay reported $3.0 billion in fourth-quarter revenue and outlined plans to redeploy capital while continuing to return cash to shareholders. The figures in eBay show the business remains profitable even as leadership tightens teams to concentrate on what it views as its highest priorities.
What It Means for San Jose
eBay is headquartered in San Jose at 2025 Hamilton Avenue, a long-standing anchor employer in the South Bay. Company filings list that address as its principal executive office, according to SEC records.
The latest cuts follow a bigger reduction in January 2024, when eBay trimmed about 1,000 jobs during an earlier reorganization, as reported by the AP.
What Comes Next
eBay has told reporters it will provide impacted employees with transition resources and severance, according to Bloomberg. The move lands at a time when public layoff announcements remain elevated compared with pre-pandemic years, a trend tracked by regional and national observers.
NBC Bay Area reported last year that announced job cuts were at their highest level since 2020, adding pressure on career centers and recruiters across the Bay Area as workers scramble for their next move.
