- The second round of Layoffs Etsy has announced in the last 2 months
- Layoffs are part of an attempt to refocus the company’s priorities
- New CEO focused on streamlining and prioritizing high-impact projects
Etsy for those who have not heard of it is the online marketplace for handmade, vintage and craft items. In a recent announcement, the leading marketplace for craft sellers has declared its second wave of job cuts in just two months.
The majority of the layoffs will be in the marketing, product management and administrative departments out of the company’s HQ in Brooklyn, USA.
The cuts which have come in place since the old CEO Chad Dickerson was replaced by Josh Silverman (former eBay) with the focus to streamline and prioritize high impact projects.
What does this mean for the Online Seller
Well since Etsy has hit the stock market going public it has been struggling with growth. Though it is a shame so many people have lost their jobs (and I hope they find work soon) it shows that there is still a lot of focus to drive the business forward.
I don’t think Etsy will going anywhere soon and with Josh Silverman in the driving seat, we will see a lot of similar initiatives put in place that made eBay so successful, especially in international expansion.