Etsy lays off 225 workers after ‘essentially flat’ sales, says CEO
by Callum Jones and agencies from US news | The Guardian on (#6H4CE)
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.
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