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# eBay Plans To Cut 9% Of Its Workforce, Says Quarter Will Beat Its Own Guidance
- URL: https://www.bullished.co/ebay-plans-to-cut-9-of-its-workforce-says-quarter-will-beat-its-own-guidance-c39e4c05/
- Published: 2026-10-22T13:21:20.000Z
- Updated: 2026-10-28T18:11:50.000Z
- Description: The restructuring carries $130 million to $150 million in pre-tax charges, most of them due in the fourth quarter.
- Author: Matteo Parrino
- Tags: Earnings, EBAY, Industry: Consumer Discretionary

eBay plans to cut about 9% of its global workforce and expects [third-quarter results above its guidance ranges](https://www.sec.gov/Archives/edgar/data/0001065088/000106508826000205/ebay-20261020.htm?ref=bullished.co), the company said in an [8-K](https://www.bullished.co/learn/8-k-items-explained/) filed Thursday. The online marketplace, based in San Jose, California, put the cost of the restructuring at $130 million to $150 million before taxes.

## A $130 million to $150 million charge

Substantially all of the charges are for severance payments and post-employment benefits, according to the filing. Most will be recognized in the fourth quarter of 2026, and the full amount is expected to turn into cash spending.

eBay expects the actions to be substantially complete by the end of the first quarter of 2027\. The timing depends on local law, consultation requirements in certain countries and the company's business needs.

The company said the expense savings will go toward its strategic and operating initiatives. It also warned that it may incur other charges or cash costs it has not anticipated.

## A quarter above the guidance ranges

Separately, eBay confirmed it expects results for the quarter ended September 30, 2026 to come in above the guidance ranges it gave in its August earnings announcement. The filing does not give figures for the beat.

At Wednesday's close, eBay shares finished at $122.90, up 1.41% on the session, before the filing was accepted Thursday morning.

## The second round of cuts this year

The new cuts follow an earlier round. eBay [eliminated about 6% of its staff](https://www.cnbc.com/2026/10/21/ebay-layoffs-workforce-cuts.html?ref=bullished.co), roughly 800 employees, in February, and it had about 12,300 workers at the end of 2025.

CNBC reported that the 9% cut equals [about 1,000 jobs](https://www.cnbc.com/2026/10/21/ebay-layoffs-workforce-cuts.html?ref=bullished.co). CEO Jamie Iannone told staff the strategy is working but that capturing the opportunity ahead requires "thoughtful choices about where we focus and invest."

eBay's third-quarter report is due next week and will show how far results ran above the guidance ranges.

Learn

- [Item 2.02: results of operations →](https://www.bullished.co/learn/8-k-items-explained/#item-202-results-of-operations)  
From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples

### Sources

- [8-K Filing — EBAY INC (EBAY)](https://www.sec.gov/Archives/edgar/data/0001065088/000106508826000205/ebay-20261020.htm?ref=bullished.co) — SEC EDGAR
- [EBay to lay off 9% of workforce](https://www.cnbc.com/2026/10/21/ebay-layoffs-workforce-cuts.html?ref=bullished.co) — CNBC
- [eBay to cut 9% of workforce in strategic operational push, Reuters reports](https://finance.yahoo.com/markets/stocks/articles/ebay-cut-9-workforce-strategic-144609523.html?ref=bullished.co) — Yahoo Finance
- [San Jose-based eBay to slash 1,000 jobs – NBC Bay Area](https://www.nbcbayarea.com/news/local/ebay-1000-layoffs/4162360/?ref=bullished.co) — nbcbayarea.com
- [EBAY Stock Gains Amid Reported Plans To Lay Off About 9% Of Its Workforce In Second Restructuring](https://finance.yahoo.com/markets/stocks/articles/ebay-stock-gains-amid-reported-175450010.html?ref=bullished.co) — Yahoo Finance