this post was submitted on 14 Dec 2023
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Etsy lays off 225 workers after ‘essentially flat’ sales, says CEO | Business (www.theguardian.com)
submitted 6 months ago by L4s to c/technology
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Etsy lays off 225 workers after ‘essentially flat’ sales, says CEO | Business::Staff notified via livestream Wednesday by Josh Silverman, who acknowledged ‘unfortunate’ timing during holiday season

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[–] alouhoo 22 points 6 months ago (1 children)

I don't know why you're downvoted - maybe your typos confused folks.... But, as a seller on Etsy my sales have dropped off tremendously. All the Etsy fees we pay have only increased and it's also now a wasteland of aliexpress dropshipped goods in their efforts to compete with Amazon instead of dialing up an alt to Amazon all because of shareholders.

[–] PlasticExistence 8 points 6 months ago

Over a long while and several revisions, I prepared a 3D model of the time baton from the Loki series - complete with electronics, lights, etc. Almost immediately after I was done, Etsy raised their fees 30%. I never bothered trying to sell it because that destroyed my profit margin.