Quartz·1 min read·easy
Etsy is slashing 12% of its workforce as new CEO reshapes the company
✦AI Summary
Etsy is laying off approximately 12% of its workforce, primarily within its product and engineering departments. The cuts occur as the new CEO implements a strategic restructuring of the company.
The roughly 220 job cuts, concentrated in product and engineering, come alongside a second-quarter earnings beat and raised full-year guidance
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