Etsy cuts 12% of staff after beating forecasts and adding buyback

Etsy cuts 12% of staff after beating forecasts and adding buyback

Etsy cut 12% of staff while raising revenue outlook, repositioning layoffs as machine learning investment. This signals 2026 playbook (PwC, Visa, Zillow mirror the move)—profitable tech redirects headcount toward AI skills, making machine learning expertise a core hiring priority.