As soon as once more, Etsy’s layoffs come as incorrect amaze

Junkification and fierce festival paint a tricky trail forward

Take into account once we wrote that Spotify’s unedited layoffs form sense? Smartly, we really feel the similar about Etsy’s announcement that it might lay off 11% of its staff.

This isn’t us being callous with workers suffering from those layoffs, or making excuses for what led the NASDAQ-listed market to that time and what may just possibly were avoided. We’re simply pronouncing that this isn’t a lot of a amaze.

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The corporate’s fourth-quarter steering used to be already a inform; it has now up to date it additional, telling traders to be expecting its “gross merchandise sales to decline between 1% and 2% during the period from the year-ago quarter and revenue to increase between 2% and 3%,” CNBC reported.

However greater than quantitative, Etsy’s problem is qualitative.


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