Angle down icon An icon in the shape of an angle pointing down. Etsy CEO Josh Silverman told employees in an email that the company’s gross merchandising sales have “remained essentially flat since 2021.” Jakub Porzycki/NurPhoto via Getty Images
- Etsy CEO Josh Silverman told staff on Wednesday that 11% of the company’s workers are being laid off.
- Silverman said in an email that Etsy’s sales “remained essentially flat since 2021.”
- “This is ultimately not a sustainable trajectory and we must change it,” Silverman wrote.
Etsy chief Josh Silverman told staff on Wednesday that the online marketplace operator was laying off more than 200 employees.
Silverman elaborated on the decision in an email to staff, which has been published on the company’s website.
The layoffs, which Silverman said would affect approximately 225 team members, are coming at a challenging time for the…
