eBay to cut ~9% of global workforce; pre-announces Q3 2026 results above guidance

EBAY INC

Restructuring plan announced Oct 20, 2026 reduces eBay's global workforce by approximately 9%, subject to local law and consultation requirements.
Estimated GAAP pre-tax charges of $130M-$150M, substantially all severance and post-employment benefits, mostly recognized in Q4 2026.
Company expects Q3 2026 (quarter ended Sept 30, 2026) results above the guidance ranges given in its August 2026 earnings announcement.
Restructuring actions expected to be substantially complete by end of Q1 2027; expense savings earmarked for strategic and operating initiatives.
Charges will result in future cash expenditures; eBay warns additional unanticipated charges are possible.

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