eBay to close downtown San Francisco office, move 198 workers to San Jose

eBay is pulling out of 300 Mission St., sending 198 San Francisco workers to San Jose and adding another high-profile vacancy in the South Financial District. The company said no layoffs are expected, but the move removes another recognizable tech employer from the downtown core just as city leaders are trying to prove the turnaround narrative is real.

The office closure will take effect when eBay’s lease expires on September 30, 2026. Workers tied to the San Francisco site include software engineers, applied researchers, directors and financial analysts, all of whom are expected to be reassigned to eBay’s headquarters at 2025 Hamilton Ave. in San Jose. The company filed notice with state officials regarding the closure.

The departure matters because 300 Mission St. has already been losing pieces of its tenant base. Autodesk previously exited space in the building, and Glassdoor had vacated part of the tower as well. Glassdoor had leased 117,000 square feet there in 2019, still holds a lease that runs through November 2030 and put its 16th and 17th floors up for sublease. Paramount Group owns the Class A tower, a building in the 300,000 to 660,000 square-foot range depending on the listing.

The latest move comes after eBay’s broader February 2026 layoffs, which included 28 workers in San Francisco and 243 in San Jose. Even without layoffs tied to this closure, the office shift underscores how fragile downtown’s rebound remains. Each departure from a major tower like 300 Mission chips away at the daily foot traffic that supports nearby restaurants, cafes and retailers in the South Financial District and Yerba Buena area.

That pressure is showing up in the numbers. Cushman & Wakefield put San Francisco’s office vacancy rate at 31.6% at the end of the first quarter, a level that still leaves a large share of the market empty. Colliers said the city’s office market posted its strongest performance in years in the same period, helped largely by AI-focused firms and renewed demand for Class A space. eBay’s exit suggests that progress is uneven: the market is improving in some pockets, but major legacy tenants are still choosing to shrink their San Francisco footprint rather than deepen it.