Junkification and fierce competitors paint a troublesome path forward
Keep in mind once we wrote that Spotify’s newest layoffs make sense? Properly, we really feel the identical about Etsy’s announcement that it could lay off 11% of its workforce.
This isn’t us being callous with workers affected by these layoffs, or making excuses for what led the NASDAQ-listed market to that time and what may maybe have been prevented. We’re simply saying that this isn’t a lot of a shock.
The Alternate explores startups, markets and cash.
Learn it each morning on TechCrunch+ or get The Alternate publication each Saturday.
The corporate’s fourth-quarter steerage was already a inform; it has now up to date it additional, telling traders to count on its “gross merchandise gross sales to say no between 1% and a pair of% through the interval from the year-ago quarter and income to extend between 2% and three%,” CNBC reported.
However greater than quantitative, Etsy’s problem is qualitative.
