Technology

Etsy Layoffs: E-Commerce Company to Let Go 11% Staff, Says Report

Etsy, the e-commerce giant, said on Wednesday that it will slash 11% of its staff, or about 225 people, to reorganise its business and reduce costs.

Etsy Layoffs: E-Commerce Company to Let Go 11% Staff, Says Report
Etsy (Photo Credits: X)

Etsy, the e-commerce giant, said on Wednesday that it would slash 11% of its staff, or about 225 people, to reorganise its business and reduce costs, CNBC reported. The Etsy layoff will leave the core marketplace with about 1,770 employees, close to its headcount in early 2022 and higher than 2020 levels. Tech Layoffs To Continue! Around 555 Techies Being Fired Daily for Past Two Years, More Job Cuts Set To Happen in India and Abroad.

Etsy Layoffs

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(The above story first appeared on LatestLY on Dec 13, 2023 10:27 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).