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Etsy Restructures Amid Growth | Raleigh News
Etsy is cutting 220 jobs—mostly in Product and Engineering—to streamline its structure, flatten hierarchies, and tackle bigger challenges, even as sales surge. Gross merchandise sales jumped 7.5% year-over-year, revenue rose, and they’ve raised their full-year forecast. The company also sold Depop for $1.4B and plans to buy back $2B in stock—all while emphasizing AI integration, not replacement. Unlike past layoffs, this restructuring happens amid growth, with generous severance including 16 weeks of pay and extended healthcare. Listen in comfort:Get a discount on a Soli Pillow…
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