Etsy lays off 12% of worker as part of restructuring plan | live
By Arriana McLymore NEW YORK, NY, Aug 5 (Reuters) - Crafting marketplace Etsy Inc. is laying off approximately 220 employees, or 12% of its workforce, as part of a restructuring plan it hopes will "improve coordination and speed of decision-making," the company said in a U.S. Securities and Exchange Commission filing on Wednesday. The layoffs will mostly impact workers in the product and engineering department, Chief Executive Kruti Patel Goyal said in an email to employees.
By Arriana McLymore NEW YORK, NY, Aug 5 (Reuters) - Crafting marketplace Etsy Inc. is laying off approximately 220 employees, or 12% of its workforce, as part of a restructuring plan it hopes will "improve coordination and speed of decision-making," the company said in a U.S. Securities and Exchange Commission filing on Wednesday. The layoffs will mostly impact workers in the product and engineering department, Chief Executive Kruti Patel Goyal said in an email to employees.
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