E-commerce giant cuts 12% workforce despite improving sales

Why it matters

This workforce reduction at a major e-commerce company despite improving sales is a routine corporate cost-cutting measure reflecting operational adjustments rather than a market-moving event.

Sources

• TheStreet

  E-commerce giant cuts 12% workforce despite improving sales

  Etsy has spent the past few years trying to revive growth after the pandemic-era online shopping boom faded. Some of those efforts appear to be working, but the company is still making another sizable reduction to its workforce. Etsy is eliminating approximately 220 jobs, or…