Etsy to lay off 11% of workforce, shares dive

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In 50 Words: In his announcement, CEO Josh Silverman noted that gross merchandise sales have been “essentially flat” over the past two years.

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Etsy to lay off 11% of workforce, shares dive

In 50 Words: In his announcement, CEO Josh Silverman noted that gross merchandise sales have been “essentially flat” over the past two years.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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