SEATTLE, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) today announced that it has partnered with Etsy (NYSE: ETSY) to be an additional payment provider on Etsy Payments, Etsy's payments platform, in 15 countries.
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August is only one week old, but the month has already seen layoffs at a number of high-profile tech companies.
Etsy CEO Kruti Patel Goyal said during a second-quarter earnings call Thursday (Aug. 6) that the company is applying artificial intelligence in three distinct ways: making Etsy more personal, making Etsy more discoverable, and learning how the next generation of shopping will work through native conversational tools.
The layoffs, which came alongside a quarterly report showing growth across the business, are part of the company's goal of adapting its marketplace to changing online-shopping habits.
Crafting marketplace Etsy Inc. is laying off approximately 220 employees, or 12% of its workforce, as part of a restructuring plan it hopes will "improve coordination and speed of decision-making," the company said in a U.S. Securities and Exchange Commission filing on Wednesday.
Etsy announced layoffs on Wednesday that will hit about 220 employees. CEO Kruti Patel Goyal said in a note that the cuts will position the company for growth.