eBay to cut about 9% of its workforce, flags third-quarter results above guidance

eBay plans to eliminate about 9% of its global workforce in a restructuring aimed at aligning teams with its top priorities, and said its third-quarter results will come in above its own forecast.

The online marketplace expects to record $130 million to $150 million of GAAP pre-tax charges for the plan, substantially all for severance and post-employment benefits, according to an 8-K filed Thursday. Most of the charges will be booked in the fourth quarter of 2026, and the company expects all of them to result in future cash payments.

The plan, announced Oct. 20, is "intended to align its teams and resources with its top strategic priorities to drive long-term sustainable growth," the filing said. The job cuts are expected to be substantially complete by the end of the first quarter of 2027, subject to local law and consultation requirements in some countries.

Results ahead of plan

In the same filing, eBay confirmed it expects to report results for the quarter ended Sept. 30, 2026, above the guidance ranges it provided with its August earnings announcement. The filing did not give figures.

eBay said expense savings from the plan will be used to further its strategic and operating initiatives. It cautioned that it may incur other charges or cash costs not currently contemplated.

By the numbers

• Workforce reduction: about 9% of global staff
• Pre-tax charges: $130 million to $150 million
• Timing of charges: mostly Q4 2026
• Expected completion: end of Q1 2027
• Q3 2026 results: expected above guidance ranges

Sources

1. eBay Inc., Form 8-K (Items 2.02 and 2.05) filed Oct. 22, 2026, accession 0001065088-26-000205

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