eBay Cuts 1,000 Jobs, Rejects GameStop Bid Amid Strategic Shift
eBay is eliminating 1,000 roles, roughly 9% of its 12,300-employee workforce, following an earlier 800-job reduction in February. The San Jose-based e-commerce firm stated the cuts align resources with strategic priorities. This move occurs as eBay accelerates growth after acquiring Depop for $1.2 billion and rejecting GameStop’s $55.5 billion unsolicited takeover offer, signaling a focus on secondhand markets despite prior revenue stagnation.
Key points
- eBay, a major US e-commerce platform based in San Jose, California, announced the elimination of 1,000 jobs, representing approximately 9% of its total workforce.
- The company had 12,300 employees at the end of 2025, having already cut 800 positions in a previous layoff round in February.
- eBay executives stated the reductions aim to align teams with top strategic priorities, following a period of near-stagnant revenue that reversed into growth in 2025.
- In July, eBay acquired the clothing resale site Depop for $1.2 billion to capitalize on the expanding secondhand apparel market.
- GameStop, led by Ryan Cohen, previously proposed an unsolicited $55.5 billion takeover, arguing eBay lacked innovation, but the board rejected the offer.
- The latest cuts follow a period where eBay reported accelerated growth in the first half of the current year, despite earlier executive silence on workforce reductions.
eBay has announced a new round of workforce reductions, cutting approximately 1,000 positions or about nine percent of its total staff. The San Jose, California-based company informed employees of the changes on Tuesday, following an initial reduction of 800 jobs in February. A spokesperson explained that the move is designed to align the company’s teams and resources with its top strategic priorities, ensuring it operates from a position of strength. The company noted it had 12,300 employees at the end of 2025 before the February cuts.
This strategic adjustment comes as eBay seeks to solidify its market position after several years of near-stagnant revenue. The firm returned to growth in 2025 and reported accelerated expansion in the first half of the current year. To drive this momentum, eBay acquired the clothing resale platform Depop in July for $1.2 billion, aiming to capitalize on the rising popularity of the secondhand apparel market. These moves reflect a broader effort to innovate and capture new consumer segments.
The workforce reductions also occur against the backdrop of a significant corporate battle. In early May, video game retailer GameStop made an unsolicited takeover offer valuing eBay at $55.5 billion. GameStop chief Ryan Cohen argued that eBay was poorly managed and lacked sufficient innovation. Although the eBay board ultimately rejected the offer, the pressure likely influenced the company’s decision to streamline operations and focus on core strategic initiatives.
Sources
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