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.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.