Tech Layoffs Mount as Netflix and eBay Cut Around 2,000 Jobs
Summary
Netflix and eBay are cutting about 1,000 jobs each, reducing their workforces to control costs and focus on key projects. These layoffs add to a larger trend of many tech companies cutting jobs this year while overall job cuts in the U.S. have decreased.Key Facts
- Netflix is laying off around 1,000 employees, about 6% of its global workforce.
- eBay is cutting about 1,000 jobs now, after cutting 800 earlier in 2026, totaling around 1,800 layoffs this year.
- These layoffs mainly affect product, technology, legal, and human resources teams.
- From January to September 2026, tech companies announced 165,925 job cuts, 54% more than the same period in 2025.
- Tech accounted for 29% of all U.S. job cuts announced in that time, more than any other industry.
- Overall U.S. job cuts declined 39% in 2026 compared to 2025.
- Netflix said its business is strong and growing despite the layoffs.
- eBay stated the cuts were made to align with its main priorities and operate from a position of strength.
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