Etsy announced the layoffs along with second-quarter earnings.
The cuts weren’t driven by cost-cutting initiatives or artificial intelligence, Chief Executive Kruti Goyal said.
Once a quirky bastion of amateur vulva jewelry and pet portraits, Etsy is now deluged with mass-produced goods and AI knockoffs. Some customers don’t seem to mind.
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Etsy will cut about 12% of its workforce (220 jobs) after reporting stronger-than-expected quarterly revenue and raising a ...
Etsy (ETSY) looks like a buy after its post-earnings dip—strong Q2 results, raised guidance, margin gains, and buybacks ...
Online marketplace Etsy will lay off around 220 people to reduce its headcount by 12pc to a total of around 1,600.
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