7 August 2026
Etsy lays off 12% of workforce as part of restructuring plan
NEW YORK, NY, Aug 5 (Reuters) - Crafting marketplace Etsy Inc. is laying off approximately 220 employees, or 12% of its workforce, as part of a restructuring plan it hopes will "improve coordination and speed of decision-making," the company said in a U. S. Securities and Exchange Commission filing on Wednesday. The layoffs will mostly impact workers in the product and engineering department, Chief Executive Kruti Patel Goyal said in an email to employees.
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