eBay is cutting about 9% of its global workforce, roughly 1,000 jobs, according to an internal memo from chief executive officer Jamie Iannone, Reuters reports. The figure is based on the 12,300 staff the company had at the end of last year. It is the second round of cuts this year. In February, eBay cut 6% of its staff, or about 800 roles. The memo cites "thoughtful choices about where we focus and invest." eBay's shares rose 1.25% on the news and are up over 40% since January 1. Its latest results showed revenue of $3.13 billion, up 14.8% year-over-year, and gross merchandise volume of $22.4 billion, up 15%. In July, eBay bought fashion resale marketplace Depop for $1.2 billion. GameStop chief executive officer Ryan Cohen made a $56 billion bid for eBay earlier this year.

eBay stock is trending after hours: here's why. Stock score locked: want to see it? Benzinga Rankings give you vital metrics on any stock - anytime. eBay Inc. (NASDAQ:EBAY) shares are trending on Friday. Shares of the California-based e-commerce platform inched 0.24% higher to $123.20 in after-hours trading on Thursday. In the regular session, the stock closed at $122.91, up 5.16%, according to Benzinga Pro data. Attention on the stock comes as Wall Street is divided over eBay ahead of its third-quarter earnings report. Morgan Stanley names eBay Top Pick on Live commerce. Morgan Stanley (NYSE:MS) analyst Nathan Feather recently raised his price target to $132 from $127, kept an Overweight rating and named eBay his Top Pick, according to The Fly, as cited by TradingView. Feather said U.S. live commerce has grown more than fivefold to $27 billion over two years. He estimated eBay Live accounted for at least 40% of fiscal 2026 gross merchandise volume (GMV) growth. GMV is the total value of paid transactions on a marketplace, including shipping fees and taxes, before returns. Earlier this week, Wells Fargo analyst Ken Gawrelski cut his price target to $91 from $92 and kept an Underweight rating. Secondhand shopping shifts from occasional to routine. The stock move also followed eBay's release of "eight surprising things" from its 2026 Recommerce Report, published last week. According to eBay, the report, based on a survey of more than 10,000 secondhand shoppers and 1,700 eBay sellers, points to rising consumer demand for secondhand goods. The survey found that 47% of consumers buy pre-owned goods at least monthly, up from 35% in 2025. The habit is stronger among younger buyers. Among 18- to 29-year-olds, 46% shop secondhand weekly or biweekly, compared with 28% across all age groups, according to eBay. Cost pressures also play a role. Seventy percent of respondents said buying secondhand is important to managing household expenses, rising to 76% among Gen Z. Trading metrics, technical analysis. eBay has a market capitalization of $54.69 billion, a 52-week high of $124.59 and a 52-week low of $78.03. The Relative Strength Index (RSI) of EBAY stands at 78.43. The stock has gained roughly 35% over the past 12 months. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.