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Fortune
Fortune
Orianna Rosa Royle

Etsy CEO turns to sailing metaphor to rally troops after laying off 225 workers just before the holidays

Etsy Meta Josh Silverman Hasbro Nationwide Spotify
Josh Silverman talking on stage (Credit: Roy Rochlin—Getty Images)

Etsy has joined the growing list of companies to lay off workers in the lead-up to Christmas—and its CEO attempted to water down the bad news with a sailing metaphor.

The online marketplace told 225 workers that they will be out of a job in the New Year, via a livestream on Wednesday.

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