eBay, the global online retail giant, has announced plans to shutter its operations in Israel by the first quarter of 2026, resulting in the layoff of all its employees in the country โ more than 200 workers. The company's research and development center in Netanya, a key hub for innovation, will also close. This decision comes on the heels of multiple rounds of layoffs at eBay, reflecting a broader restructuring effort.
In an official statement, eBay explained: "As a global corporation, eBay continually assesses its operational framework to align with long-term strategic objectives, ensuring optimal support for its customers and workforce. Following thorough deliberation, we have made the challenging decision to close our Israel office in the first quarter of 2026. We remain fully committed to supporting and guiding our employees through this transition period."
The closure of eBay's Netanya facility is a notable development for Israel's technology sector, which has long been a magnet for global tech giants. The center, established following eBay's 2011 acquisition of Israeli startup The Gifts Project for approximately $20 million. Israel, widely known as the "Startup Nation," has been a hub for innovation, with its tech sector contributing 18.1% to the national GDP in 2022, according to the Israel Innovation Authority.
Globally, eBay has been navigating economic pressures, as evidenced by its decision to cut approximately 1,000 jobs โ 9% of its workforce โ in early 2024.
