Etsy lays off 225 workers after ‘essentially flat’ sales, says CEO
www.theguardian.com
Staff notified via livestream Wednesday by Josh Silverman, who acknowledged ‘unfortunate’ timing during holiday season

Etsy lays off 225 workers after ‘essentially flat’ sales, says CEO | Business::Staff notified via livestream Wednesday by Josh Silverman, who acknowledged ‘unfortunate’ timing during holiday season

  • TechNerdWizard42@lemmy.worldEnglish
    431·
    11 months ago

    It’s so stupid how everything just be growth. Flat is fine. 23%+ stock gains, more than fine. Laying off people before the holidays, evil.

      • Boo Hoo@lemmy.worldEnglish
        22·
        11 months ago

        I don’t know why you’re downvoted - maybe your typos confused folks… But, as a seller on Etsy my sales have dropped off tremendously. All the Etsy fees we pay have only increased and it’s also now a wasteland of aliexpress dropshipped goods in their efforts to compete with Amazon instead of dialing up an alt to Amazon all because of shareholders.

        • PlasticExistence@lemmy.worldEnglish
          8·
          11 months ago

          Over a long while and several revisions, I prepared a 3D model of the time baton from the Loki series - complete with electronics, lights, etc. Almost immediately after I was done, Etsy raised their fees 30%. I never bothered trying to sell it because that destroyed my profit margin.