8-KItem 2.02 · Results of OperationsItem 2.05 · Exit/Disposal Costs
eBay plans to cut 9% of global workforce and incur up to $150 million in charges
Filed with the SEC on · Summarized by InvestorsBot
eBay announced a workforce-reduction plan on October 20, 2026, expected to eliminate approximately 9% of its global workforce, with actions substantially complete by the end of the first quarter of 2027, subject to local requirements. The company estimates $130 million to $150 million in GAAP pre-tax charges, primarily for severance and post-employment benefits, with most recognized in the fourth quarter of 2026 and paid in future periods; eBay plans to use resulting savings for strategic and operating initiatives.