Isophoric News · Tuesday, October 27, 2026
eBay, Maplebear and Flutter file SEC notices of restructuring: a 9% eBay workforce cut, a Caper Cart wind-down and up to 1,400 UK and Ireland jobs
eBay said in an Oct. 20 filing that it plans to cut its global workforce by about 9% and expects pre-tax charges of $130 million to $150 million, mostly severance, with most recognized in the fourth quarter and the actions substantially complete by the end of the first quarter of 2027. The filing also said eBay expects third-quarter results above the guidance it gave in August. Maplebear Inc. said its board decided Oct. 25 to wind down its Caper Cart operations, with charges of $55 million to $80 million, made up of $21 million to $36 million for ending contracts, $22 million to $27 million in asset impairments and $12 million to $17 million in employee termination costs, and completion by the end of the second quarter of 2027. Flutter Entertainment said Oct. 20 it committed to a restructuring of its United Kingdom and Ireland business that reduces headcount by up to 1,400, with charges of about $80 million to $90 million, to mitigate the impact of increases in UK gaming taxation. The filing said employee notifications began Oct. 20 and the plan is expected to be substantially complete by the end of 2026. Each filing is an Item 2.05 disclosure of costs of exit or disposal activities, and each company gives its figures as estimates.