Etsy Realigns Internal Resources, Announces Staff Cuts of 15 Percent
Yesterday Etsy, Inc. (NASDAQ: ETSY), an online marketplace for creative entrepreneurs, announced that it is making some big changes, including a sharpened focus on key growth initiatives and realigning its internal resources to maximize value to stakeholders. Under the direction of new CEO Josh Silverman, the company plans to prioritize specific areas including search and discovery, improving the customer experience, driving frequency, maximizing their marketing spending, and providing world-class marketing tools to Etsy sellers.
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