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eBay to cut about 1,000 jobs in second round of layoffs this year

Fox Business - Thu, 10/22/2026 - 15:39

eBay is cutting approximately 1,000 jobs, or about 9% of its workforce, marking the online marketplace's second round of layoffs this year as it looks to streamline operations and focus on key areas of growth.

The job cuts were outlined in an internal memo from CEO Jamie Iannone obtained by Reuters, which first reported the move Wednesday. An eBay spokesperson also confirmed the layoffs to the news agency.

"Our strategy is working," Iannone wrote in the memo. 

He said the company must decide where to direct its investments and resources to capitalize on future opportunities.

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Affected employees will be notified in the coming days, according to the memo.

The latest reductions follow a separate round of layoffs in February, when eBay eliminated approximately 800 positions, representing about 6% of its workforce.

The San Jose, California-based company employed approximately 12,300 people worldwide at the end of 2025, including roughly 7,200 in the United States, according to its annual filing with the Securities and Exchange Commission.

The cuts come as eBay continues to expand its presence in categories including luxury goods, collectibles and refurbished merchandise.

In July, eBay completed its acquisition of secondhand fashion marketplace Depop from Etsy for approximately $1.4 billion, expanding its reach among younger shoppers.

The company said at the time that the acquisition would build on its position in fashion, a category generating more than $10 billion in annual gross merchandise volume for eBay.

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The layoffs also come ahead of eBay's third-quarter earnings report, scheduled for next week.

FOX Business has reached out to eBay for comment.

Reuters contributed to this report. 

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American Airlines Overwhelmed By Fuel Costs Of $4.6 Billion

Forbes Business - Thu, 10/22/2026 - 15:30
American reported record third quarter revenues but unlike Delta and United, it could not make a profit.
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Whole Foods Market’s Food And Beverage Trend Predictions For 2027

Forbes Business - Thu, 10/22/2026 - 15:21
From Japanese Yōshoku to labels with minimal ingredients and food products with a sense of place, these are the top food and drink trends that will shape 2027.
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The Money Is In Podcast Rights, Not The Feed

Forbes Business - Thu, 10/22/2026 - 15:19
Joe Rogan’s Spotify deal and PAVE Studios’ Disney+ and Hulu agreement show how podcast rights deals, licensing and video distribution could reshape podcasting.
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Procter & Gamble earnings beat as sales rise 4%, boosted by laundry and home products

CNBC Business - Thu, 10/22/2026 - 15:01
Procter & Gamble topped Wall Street's estimates for its quarterly earnings and revenue.
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5 Players Who Could Help The Packers Reach Their First Super Bowl Since 2010

Forbes Business - Thu, 10/22/2026 - 15:00
The Green Bay Packers have a chance to get over the hump at the NFL trade deadline on Nov. 10. These five players could help.
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American Express brings Airbnb bookings and rewards to Amex Travel platform

CNBC Business - Thu, 10/22/2026 - 15:00
More than 1 million Airbnb listings are now available to book through Amex Travel, allowing customers to earn membership points on prepaid bookings.
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‘Star Wars: Starfighter’ Outspends ‘The Force Awakens’ With Costs Of $226.5 Million

Forbes Business - Thu, 10/22/2026 - 15:00
Disney has revealed that its upcoming Star Wars: Starfighter cost $226.5 million by the time filming finished, beating the sum spent during the same period on The Force Awakens.
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Cubs Castoff Wins World Series Championship With Brewers Or Rays

Forbes Business - Thu, 10/22/2026 - 15:00
The Chicago Cubs have received a surprising championship update after cutting ties with a veteran pitcher.
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BioWare Was Doomed The Moment EA Bought The ‘Mass Effect’ And ‘Dragon Age’ Studio

Forbes Business - Thu, 10/22/2026 - 15:00
The once-beloved game studio was never a good fit for EA, but the publisher had its eye on a Star Wars MMO, and the rest is history.
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Disney Highlights F1 ACADEMY In A New Documentary Coming To Disney+

Forbes Business - Thu, 10/22/2026 - 15:00
The unnamed documentary was filmed across multiple races on the F1 ACADEMY calendar and captures the highs and lows of race weekends.
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Why Elon Musk wants to merge Tesla and SpaceX before Trump leaves office

Euronews Business - Thu, 10/22/2026 - 14:59
Elon Musk has opened the door to merging Tesla and SpaceX into a $3.5 trillion (€3.1tn) giant, the latest step in years of folding his companies into one another, with a deal reportedly aimed at closing before US President Donald Trump leaves the White House.
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