Cindy Baldassi’s Post

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Ecommerce Consultant for Micro Businesses

Etsy is laying off 11% of staff (225 people), even though projections for the 4th quarter (which were admittedly weak to begin with) were increased by 1%. (links in comments) Since everyone is still being paid until January 2, this is not an attempt to improve the 4th quarter results; Etsy is clearly projecting a weak 2024 and has no immediate plans that will improve that other than cutting staff. After the third quarter results, I predicted they would have to come up with something new, but apparently the solution was the old standby of firing people during the holiday season. Since the post-layoff staff totals will be equal to the totals in early 2022, Etsy could have avoid canning employees by accepting they were out of ideas 2 years ago, and not continuing the aggressive hiring over the past 24 months. #EtsySellerNews #Etsy #ecommerce

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