SECURITY Signal 405
Etsy says it will cut ~220 employees, or ~12% of its workforce, mostly in product and engineering, and reports Q2 revenue up 6% YoY to $668.3M, vs. $649.1M est. (Annie Palmer/CNBC)
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Etsy is laying off approximately 220 employees, roughly 12% of its workforce, with cuts concentrated in product and engineering, despite Q2 revenue growing 6% year-over-year to $668.3M and beating analyst estimates of $649.1M.
The cuts target product and engineering specifically, shrinking the teams that build and maintain the platform even as revenue grows. For engineers working on or integrating with Etsy, this means reduced capacity for feature development, infrastructure work, and likely security operations.
Written by elseif from the cluster below · every claim links back to a sourceThe three things worth knowing
Etsy is cutting approximately 220 employees, representing roughly 12% of its total workforce.
The layoffs are concentrated in product and engineering roles rather than being distributed evenly across the organization.
Q2 revenue grew 6% year-over-year to $668.3M, exceeding the analyst estimate of $649.1M, indicating the cuts are not driven by immediate revenue shortfall.
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