{"id":63728,"date":"2023-12-22T19:30:05","date_gmt":"2023-12-22T19:30:05","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/12\/22\/once-again-etsys-layoffs-come-as-no-surprise-techcrunch\/"},"modified":"2023-12-22T19:30:05","modified_gmt":"2023-12-22T19:30:05","slug":"once-again-etsys-layoffs-come-as-no-surprise-techcrunch","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/12\/22\/once-again-etsys-layoffs-come-as-no-surprise-techcrunch\/","title":{"rendered":"Once again, Etsy&#8217;s layoffs come as no surprise | TechCrunch"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<p><h2 class=\"article__subtitle\">Junkification and fierce competition paint a tough path ahead<\/h2>\n<\/p>\n<div class=\"article__featured-image-wrapper \">\n\t\t\t\n\t\t<\/div>\n<\/p><\/div>\n<div>\n<p id=\"speakable-summary\"><span class=\"featured__span-first-words\">Remember when we wrote<\/span> that Spotify\u2019s latest layoffs <a href=\"https:\/\/techcrunch.com\/2023\/12\/04\/spotifys-layoffs-analysis\/\" target=\"_blank\" rel=\"noopener\">make sense<\/a>? Well, we feel the same about Etsy\u2019s announcement that it would lay off <a href=\"https:\/\/techcrunch.com\/2023\/12\/21\/tech-layoffs-2023-list\/\" target=\"_blank\" rel=\"noopener\">11% of its workforce<\/a>.<\/p>\n<p>This is not us being callous with employees affected by these layoffs, or making excuses for what led the NASDAQ-listed marketplace to that point and could perhaps have been prevented. We are just saying that this isn\u2019t much of a surprise.<\/p>\n<hr\/>\n<p style=\"text-align: center;\"><strong><em>The Exchange explores startups, markets and money. <\/em><\/strong><\/p>\n<p style=\"text-align: center;\"><strong><em>Read it <a href=\"https:\/\/techcrunch.com\/subscribe\/?tpcc=theexchange\" target=\"_blank\" rel=\"noopener\">every morning on TechCrunch+<\/a> or get <a href=\"https:\/\/techcrunch.com\/newsletters\/?utm_source=internal&amp;utm_medium=WPunit\" target=\"_blank\" rel=\"noopener\">The Exchange newsletter<\/a> every Saturday.<\/em><\/strong><\/p>\n<hr\/>\n<p>The company\u2019s fourth-quarter guidance was already a tell; it has now updated it further, telling investors to expect its \u201cgross merchandise sales to decline between 1% and 2% during the period from the year-ago quarter and revenue to increase between 2% and 3%,\u201d CNBC <a href=\"https:\/\/www.cnbc.com\/2023\/12\/13\/etsy-laying-off-11percent-of-staff-citing-competitive-environment.html\" target=\"_blank\" rel=\"noopener\">reported<\/a>.<\/p>\n<p>But more than quantitative, Etsy\u2019s challenge is qualitative.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/techcrunch.com\/2023\/12\/22\/etsy-layoffs-no-surprise\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Junkification and fierce competition paint a tough path ahead Remember when we wrote that Spotify\u2019s latest layoffs make sense? Well, we feel the same about Etsy\u2019s announcement that it would lay off 11% of its workforce. This is not us being callous with employees affected by these layoffs, or making excuses for what led the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":63729,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":{"0":"post-63728","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tech"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/63728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=63728"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/63728\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/63729"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=63728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=63728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=63728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}