Staff notified via livestream Wednesday by Josh Silverman, who acknowledged ‘unfortunate’ timing during holiday season
Etsy is laying off 225 employees in a bid to cut costs as it grapples with “very challenging” economic headwinds.
The online retail company will reduce its headcount by about 11% after deciding that a “leaner, more agile” workforce would help shore up growth.
More Stories
EU microchip strategy ‘deeply disconnected from reality’, say official auditors
Liberal-aligned thinktank running anti-Greens ads received $600,000 from coal industry in Queensland election
Aston Martin limits exports to US because of Trump tariffs