Etsy lays off 220 employees as CEO Kruti Patel Goyal restructures product and engineering teams; says its not linked to AI or cost-cutting
Etsy is reducing its workforce by approximately 220 employees, impacting its product and engineering divisions. This restructuring aims to simplify the company's organizational structure and support future growth initiatives. The online marketplace reported stronger-than-expected second-quarter revenue, exceeding analyst expectations. Etsy also raised its full-year forecast for gross merchandise sales, indicating positive momentum. Despite a slight decline in active buyers, the number of active sellers increased significantly.
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Etsy lays off 220 employees as CEO Kruti Patel Goyal restructures product and engineering teams; says its not linked to AI or cost-cutting Why it matters: AI News is moving the AI stack right now, and this update helps explain what changed for builders. Source: The Times Of...
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