🧵 Etsy Cuts 220 Jobs in Major Restructuring
A workforce reduction of this scale suggests Etsy is making a significant operational reset, underscoring continued pressure on consumer-focused technology companies to streamline costs and priorities.
Etsy announced layoffs affecting 220 jobs on Aug 5. The cuts represent 12.1% of its workforce and were categorized as a restructuring move.
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Source: layoffhedge.com
🏠 Zillow Eliminates 500 Roles in Cost-Cutting Push
The move reflects ongoing efforts across property technology to operate more efficiently, leaving workers in the sector facing continued uncertainty even at well-established platforms.
Zillow announced layoffs affecting 500 jobs on Aug 4. The reductions amount to 7.1% of its workforce and were categorized as a cost-cutting measure.
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Source: layoffhedge.com