etsylayoffs
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Etsy slashes almost a quarter of its staff in attempt to refocus
Etsy is widely recognized as perhaps the premiere place online to go for handmade goods from sellers big and small. But despite the company's ubiquity and influence, Etsy may have taken on too many projects that aren't relevant to its core business. To that end, CEO Josh Silverman announced this morning that Etsy was laying off 15 percent of its workforce. That's in addition to layoffs that were announced in early May; the total workforce reduction comes in at 22 percent, or about 230 employees.
