BREAKING: Etsy stock, $ETSY, falls 7% after the company announces a large round of layoffs.
— The Kobeissi Letter (@KobeissiLetter) December 13, 2023
Etsy suddenly today announced that they will be laying off 11% of their employees.
The company cited a "very challenging macro and competitive environment."
Yet another retail company… pic.twitter.com/kWCyEj423Z