this post was submitted on 14 Dec 2023
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139
Etsy lays off 225 workers after ‘essentially flat’ sales, says CEO | Business (www.theguardian.com)
submitted 11 months ago by L4s@lemmy.world to c/technology@lemmy.world
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Etsy lays off 225 workers after ‘essentially flat’ sales, says CEO | Business::Staff notified via livestream Wednesday by Josh Silverman, who acknowledged ‘unfortunate’ timing during holiday season

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[–] HobbitFoot@thelemmy.club 3 points 11 months ago

Not always.

There is likely some development occurring that is assumed to be funded by future growth. If that growth doesn't pan out, then the addition of features may not be economically viable.

As an example of a website who did it right, look at Craigslist. After their website was developed, there has been very little development outside of targeted areas meant to grow their revenue stream or make the site easier to manage.