this post was submitted on 14 Dec 2023
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140
Etsy lays off 225 workers after ‘essentially flat’ sales, says CEO | Business (www.theguardian.com)
submitted 10 months ago by [email protected] to c/[email protected]
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Etsy lays off 225 workers after ‘essentially flat’ sales, says CEO | Business::Staff notified via livestream Wednesday by Josh Silverman, who acknowledged ‘unfortunate’ timing during holiday season

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[–] [email protected] 42 points 10 months ago (1 children)

It's so stupid how everything just be growth. Flat is fine. 23%+ stock gains, more than fine. Laying off people before the holidays, evil.

[–] [email protected] 5 points 10 months ago (1 children)

I mansure that seller profits have gone down sunstabtially

[–] [email protected] 22 points 10 months ago (1 children)

I don't know why you're downvoted - maybe your typos confused folks.... But, as a seller on Etsy my sales have dropped off tremendously. All the Etsy fees we pay have only increased and it's also now a wasteland of aliexpress dropshipped goods in their efforts to compete with Amazon instead of dialing up an alt to Amazon all because of shareholders.

[–] [email protected] 8 points 10 months ago

Over a long while and several revisions, I prepared a 3D model of the time baton from the Loki series - complete with electronics, lights, etc. Almost immediately after I was done, Etsy raised their fees 30%. I never bothered trying to sell it because that destroyed my profit margin.