eBay Shares Rise as Latest Layoffs Signal Turnaround Push
eBay is cutting about 1,000 employees, a spokesperson told Barron's, while shares gained 1.5% and stayed near record highs this year.
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what happened
Barron's reports that eBay is reducing its workforce as it shifts spending toward faster-growing areas such as fashion resale and collectibles. Some reports put the cuts at 9% of staff, while a company spokesperson confirmed about 1,000 employees will be affected and said hiring will continue in priority areas.
eBay shares were up 1.5% on Wednesday afternoon at $122.97 and have risen more than 12% since mid-September. StoneX analyst Daniel L. Kurnos kept a Buy rating with a $136 target, citing growth in recommerce and the Depop acquisition, which closed in August for $1.4 billion in cash.
eBay reports third-quarter earnings on October 28. According to the analyst, the company has beaten consensus estimates for five straight quarters.
why it matters
The move matters for markets because eBay is redirecting spending toward resale and growth rather than cost cuts alone. With the stock up 41% this year against 13.2% for the S&P 500, the third-quarter report will test investor expectations.
market impact
eBay: layoffs and resale focus shape expectations ahead of third-quarter earnings
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instruments
sources
- EBay's Stock Rises. Its Latest Round of Layoffs Shows It's Serious About a Turnaround. — Barrons.com, 21 October 2026 at 19:31 UTC
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