The Marked Chart Wire · Series of events
Series of events · eBay
eBay cuts staff, reports mixed earnings, sets Q4 outlook
eBay announced workforce reductions and reported quarterly results before forecasting fourth quarter volume.
Updated
The flow in 3 points
- eBay plans to cut 9 percent of its workforce
- EPS rose 12 percent year over quarter
- Q4 GMV forecast is $23.7B to $24.1B
What happened, in order
Times are Eastern-
Where it began
Staff cut plan
eBay plans to lay off 9 percent of its staff to fund expansion in luxury and refurbished goods.
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Mixed earnings
eBay reported EPS up 12 percent and revenue up 14 percent year over year, but both metrics declined quarter over quarter.
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Latest
Q4 forecast set
eBay projects Q4 GMV between $23.7 billion and $24.1 billion and announces a 9 percent workforce reduction.
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How they connect
The company first announced its plan to cut staff to fund growth. It then reported quarterly earnings showing mixed results before providing its fourth quarter volume forecast.
What to watch
- Fourth quarter GMV of $23.7B to $24.1B
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