Cost - reduction and organisational overhaul
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eBay to cut around 800 roles amid restructuring drive
Yahoo Finance· 2026-03-03 11:45
Group 1 - eBay plans to reduce its global headcount by approximately 6%, equivalent to 800 jobs, as part of a broader cost-reduction and organizational overhaul [1] - The restructuring will involve "certain" positions across the workforce, aligning the structure with strategic priorities [1] - The company has not provided details on the timing of the job reductions or potential charges linked to the restructuring [2] Group 2 - eBay recently announced the acquisition of second-hand fashion platform Depop from Etsy for around $1.2 billion [2] - For the fourth quarter, eBay reported revenue of $2.97 billion, a 15% increase on a reported basis and 13% growth on a foreign-exchange-neutral basis [3] - Gross merchandise volume (GMV) totaled $21.2 billion, up 10% as reported and 8% on an FXN basis [3] Group 3 - Net income from continuing operations for the fourth quarter was $525 million, or $1.14 per diluted share, with operating margins of 20.3% [3] - For the full year 2025, revenue was $11.1 billion, reflecting an 8% rise on a reported basis and 7% on an FXN basis [3] - Looking ahead, eBay expects adjusted earnings between $1.53 and $1.59 per share, with revenue forecasted in the range of $3 billion to $3.05 billion for the current quarter [4]