workforcethis

Once again, Etsy’s layoffs come as no surprise Junkification and fierce competition paint a tough path aheadRemember when we wrote that Spotify’s latest layoffs make sense? Well, we feel the same about Etsy’s announcement that it would lay off 11% of its workforce. This is not us being callous with employees affected by these layoffs, or making excuses for what led the NASDAQ-listed marketplace to that point and what could perhaps have been prevented. We are just saying that this isn’t much of a surprise. But more than quantitative, Etsy’s challenge is qualitative.