July 21, 2017 2:56 AM ET

Internet and Direct Marketing Retail

Company Overview of Etsy, Inc.

Company Overview

Etsy, Inc. operates as a commerce platform to make, sell, and buy goods online and offline worldwide. Its platform includes its markets, services, and technology, which enables to engage a community of sellers and buyers. The company offers approximately 45 million items across approximately 50 retail categories to buyers. It also provides various seller services, including direct checkouts, promoted listings, and shipping labels, as well as Pattern by Etsy to create custom Websites; and seller tool and education resources to start, manage, and scale businesses to entrepreneurs primarily through Etsy.com. In addition, the company operates A Little Market, a handmade and supplies market for s...

117 Adams Street

Brooklyn, NY 11201

United States

Founded in 2005

1,062 Employees

Phone:

718-880-3660

Key Executives for Etsy, Inc.

Chief Operating Officer
Age: 43
Total Annual Compensation: $262.5K
Compensation as of Fiscal Year 2016.

Etsy, Inc. Key Developments

Etsy, Inc. Presents at 2017 FORTUNE Brainstorm Tech, Jul-18-2017 11:05 AM

Etsy, Inc. Presents at 2017 FORTUNE Brainstorm Tech, Jul-18-2017 11:05 AM. Venue: Aspen Meadows Resort, Aspen, Colorado, United States. Speakers: Linda Findley Kozlowski, Chief Operating Officer.

Etsy Announces Headcount Reductions

Etsy, Inc. announced that it is sharpening its focus on key initiatives and realigning internal resources to pursue the highest-growth opportunities in order to deliver value to its stakeholders. Areas of prioritization include enhancing search and discovery, improving the buyer journey, driving frequency, maximizing the effectiveness of marketing spend, and providing world-class seller marketing tools. As a result, the company is also reducing headcount by approximately 140 positions, or approximately 15% of total current workforce. This is in addition to the headcount reductions announced on May 2, 2017, bringing total eliminated positions to approximately 230, or an approximate 22% reduction compared to headcount at the end of 2016. The headcount reductions will include primarily marketing, product management, and general & administrative positions. The majority of eliminated positions will be in Brooklyn headquarters, but will also streamline operations in global offices.

Etsy, Inc. Announces Management Changes

Etsy, Inc. announced that the Board of Directors has appointed Josh Silverman, a director on the Board since November 2016, as CEO, effective May 3, 2017. Josh succeeds Chad Dickerson, who will step down as CEO and Chair of the Board of Directors. Chad will serve in an advisory role to the company through May 31, 2017. Fred Wilson, who joined the Etsy Board in June 2007 and has served as lead independent director since October 2014, will succeed Chad as Chair of the Board. As the new CEO of Etsy, Josh has two decades of product development, marketing and e-commerce expertise. His deep industry experience includes leading and growing consumer technology companies and scaling global marketplaces. Josh previously served as President of Consumer Products and Services at American Express. Before American Express, Josh was CEO of Skype, CEO of shopping.com, an eBay company, and held various executive roles at eBay. He was also a co-founder and CEO of Evite, Inc. and he currently serves on the board of directors of Shake Shack. In addition, the company also announced that John Allspaw, Chief Technology Officer, will be leaving the company and Mike Brittain, VP of Engineering, will be named interim CTO. Mr. Allspaw will serve in an advisory role to the company through May 31, 2017.

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