eBay has already confirmed it is planning a round of layoffs. Now a company tipster tells us the internal reckoning is slated to come on Thursday.

The online auction company told us earlier this month it planned a "small" round of layoffs as part of an ongoing restructuring. Inside the company, staff whispered that eBay might shave the bottom five percent of performers, GE style, but a spokesman told us the number of lost positions would be "not even close" to five percent. A rumor also spread that laid off workers would get no severance.

An eBay tipster who helped bring the layoffs to our attention writes that they are now set to happen on Thursday. We've asked eBay for comment and will update this post if they provide any. As always, if you have any additional information, we'd love to hear from you.

UPDATE: eBay says a layoff impacting fewer than 60 positions should be announced by Oct. 21. See post here.)

(Pic: eBay CEO John Donahoe at the eBay Developers Conference in June. Getty.)