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

  • Franklin@lemmy.worldEnglish
    1421·
    11 months ago

    Fucking hate capitalism’s need for infinite growth, flat sales means you’re doing exactly the same as you were doing last year, if it was sustainable last year it’s sustainable this year

    Especially for a company that is little more than a platform

    • HobbitFoot @thelemmy.clubEnglish
      118·
      11 months ago

      Not always.

      There is likely some development occurring that is assumed to be funded by future growth. If that growth doesn’t pan out, then the addition of features may not be economically viable.

      As an example of a website who did it right, look at Craigslist. After their website was developed, there has been very little development outside of targeted areas meant to grow their revenue stream or make the site easier to manage.