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Etsy cuts approximately 12% of its workforce, concentrated in product and engineering
Confirmed reporting
Etsy announced a restructuring that eliminates approximately 220 positions, or about 12% of its workforce, leaving expected headcount near 1,600. Most reductions are concentrated in Product and Engineering, and the company expects roughly $35 million in related charges.
Candidate interpretation
This is a direct stability warning for technical candidates, despite management saying the move is not primarily a cost-cutting exercise. Etsy also plans selective investment in machine learning and other strategic skills, so an open role should be treated as safe only after its post-restructuring budget, scope and reporting line are confirmed.