Etsy layoffs, on the record
Every job cut, severance charge and restructuring Etsy reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 2,420 to 2,375.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 2,420 | December 31, 2023 |
| 10-K for 2024 | approximately 2,400 | December 31, 2024 |
| 10-K for 2025 | 2,375 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryBoard approved a restructuring plan that included an approximately 11% reduction of the Etsy marketplace workforce.
Word for word“The Restructuring Plan includes an approximately 11 % reduction of the Etsy marketplace workforce, which is approximately 225 employees.” 10-K for 2023
Our summaryReverb completed a reduction in force designed to gain operational efficiencies.
Word for word“Given the continued pressure on GMS, Reverb completed an approximately 13% reduction in force in October 2023 designed to gain operational efficiencies and enable critical growth investments into 2024 and beyond.” 10-K for 2023
Our summaryEtsy recorded restructuring charges, primarily severance and employee-related benefits, tied to the workforce reductions.
Word for word“In connection with these workforce reductions, Etsy incurred $ 26.6 million in charges in the fourth quarter of 2023, primarily consisting of severance and employee-related benefits.” 10-K for 2023
Our summaryReverb completed a reduction in force of about 18% of its workforce.
Word for word“Given the continued pressure on GMS, Reverb completed an approximately 18% reduction in force in September 2024.” 10-K for 2024
Our summaryThe Board approved a restructuring plan that reduces the Etsy marketplace workforce by about 11%, and Reverb cut its workforce by about 13% in the fourth quarter of 2023.
Word for word“In connection with these workforce reductions, Etsy incurred approximately $ 26.6 million in charges in the fourth quarter of 2023, primarily consisting of severance and employee-related benefits, a majority of which related to the Etsy marketplace.” 10-K for 2024
Our summaryReverb cut its workforce by about 13% in the fourth quarter of 2023.
Word for word“Additionally, in the fourth quarter of 2023 Reverb reduced its workforce by approximately 13 %.” 10-K for 2025
Our summaryThe restructuring plan was substantially complete by the end of the first quarter of 2024.
Word for word“As of the end of the first quarter of 2024, the execution of the Restructuring Plan was substantially complete.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2017-12-31 | $13.9 million | $9.6 million |
| 2018-12-31 | −$249,000 | $1.1 million |
| 2023-12-31 | $26.2 million | $1.8 million |
| 2024-12-31 | — | $25.4 million |
Etsy filed 3 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Etsy’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-19. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.