Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-08-06T12:33:28+00:00
Etsyannounced Wednesdaythat it will eliminate around 220 positions — about 12% of its total headcount — as CEO Kruti Patel Goyal reorganizes the business to accelerate growth. Most of the cuts will fall on the product and engineering teams. Patel Goyal, who took over as CEO at the start of this year, said the decision was not a cost-cutting effort and was not driven by artificial intelligence. "Cost savings are a consequence of these changes, but they are not the objective," she said in a letter to employees. Etsy has said the layoffs will generate $35 million in charges and be wrapped up before the third quarter closes. Once the cuts are made, Etsy will have about 1,600 employees, the company said. Departing employees will receive at least 16 weeks of severance pay, with additional pay ba
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.