1 Day
Source:
المشهد العربي
ETSI cuts 12% of staff for restructuring
Etsy announced the layoffs of approximately 220 employees, roughly 12% of its total workforce, as part of its reorganization efforts to foster innovation, improve efficiency, and support future expansion. This follows the company's announcement of strong financial results for the second quarter, with revenues reaching $668.3 million, surpassing the expected $649.1 million. The layoffs primarily target engineering and product development teams to strengthen the company's position in its online marketplace and to better compete against Amazon, Walmart, and other platforms.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)