Now Reading: Etsy Cuts 220 Jobs as Global Layoffs Continue in 2026
-
01
Etsy Cuts 220 Jobs as Global Layoffs Continue in 2026
Etsy will cut about 220 jobs, or nearly 12% of its workforce, as it reorganises product and engineering teams, Times Now reports, citing Reuters. CEO Kruti Patel Goyal said the move was…
The Story in Brief
Etsy will cut about 220 jobs, or nearly 12% of its workforce, as it reorganises product and engineering teams, Times Now reports, citing Reuters. CEO Kruti Patel Goyal said the move was not driven by artificial intelligence or a cost-cutting target. Affected employees will receive at least 16 weeks’ severance and up to 12 months of healthcare coverage. Etsy also approved a share buyback programme worth up to $2 billion.
More than 40 companies have announced job cuts in 2026, according to Hindustan Times, citing Business Insider. Amazon, Meta, UPS, Walmart, Citi and Dell are among them. The reasons include restructuring, weaker demand, cost pressures and AI-led changes. More than 100 US WARN notices also point to possible further cuts, though some relate to previously announced layoffs. A World Economic Forum survey found 41% of companies expect AI to reduce jobs over the next five years.
The Indian Opinion
The lazy story is that every layoff is an AI replacement, while the opposite claim treats restructuring as mere corporate jargon. Both miss the evidence. Some firms cite AI, but Etsy explicitly does not, and others point to demand or organisational changes. The sharper test is whether companies keep hiring for new skills and whether promised productivity gains appear in results, not just in announcements.
Sources (2): hindustantimes.com, timesnownews.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
