[BUSINESS]■ STORY TIMELINE

ETSY CUTS 12% OF WORKFORCE DESPITE Q2 REVENUE BEAT

Etsy announced layoffs of approximately 220 employees—12% of its staff—primarily affecting product and engineering roles. The cuts come as the company reported Q2 revenue of $668.3M, beating analyst estimates of $649.1M.

1 SOURCEFIRST SEEN AUG 5, 08:35 PM► READ THE ARTICLE

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Etsy says it will cut ~220 employees, or ~12% of its workforce, mostly in product and engineering, and reports Q2 revenue up 6% YoY to $668.3M, vs. $649.1M est. (Annie Palmer/CNBC)

Annie Palmer / CNBC: Etsy says it will cut ~220 employees, or ~12% of its workforce, mostly in product and engineering,…

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