EBay to cut 800 jobs, joining other tech names in announcing layoffs as AI reshapes workforces

By Bill Peters

The layoff announcement comes a week after eBay agreed to buy secondhand-clothing site Depop and follows job cuts earlier this year by Amazon and Pinterest

EBay's stock is up almost 30% over the past 12 months, nearly double the S&P 500's performance.

EBay plans to cut around 800 jobs globally, or 6% of its workforce, amid a bigger push by the e-commerce and auction platform into artificial intelligence.

The move comes a week after eBay announced a deal to buy fashion site Depop. It follows job cuts announced by companies like Amazon (AMZN) and Pinterest (PINS) this year as they shift more resources toward AI. Some tech companies are also still recalibrating after the boom in digital demand during the pandemic.

In a statement emailed to MarketWatch, an eBay (EBAY) spokesperson wrote that the company was "taking steps to reinvest across our business and align our structure with our strategic priorities, which will affect certain roles across our workforce."

The company said it is still hiring in high-priority areas. Bloomberg and CNBC reported the news about the layoffs earlier in the day.

Shares of eBay were up 3.4% in recent midday trading on Thursday.

The company had 12,300 employees worldwide as of the end of last year, with around 7,200 in the U.S., according to a filing. EBay also announced layoffs in 2024 and 2023, Bloomberg noted.

Last week, online shopping platform Etsy (ETSY) said it would sell secondhand-clothing site Depop to eBay for around $1.2 billion. The deal gives eBay deeper access to younger, fashion-conscious shoppers, with whom Depop has become popular.

Meanwhile, eBay has made efforts to introduce AI into the services it offers buyers and sellers and to help with marketing, pricing and listings.

The cuts at eBay were announced after the company's most recent quarterly results topped expectations. Trading cards and collectibles, like bullion and coins, were standouts, the company said. Its sales outlook for the first quarter was above Wall Street's estimates.

EBay's stock has rallied 27.6% over the past 12 months, while the S&P 500 index SPX has advanced 15.4%.

-Bill Peters

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02-26-26 1309ET