Etsy Decline and the Weakened Demand for Handcrafted Goods

Last week Etsy slashed its workforce by 11% to cut costs. According to Reuters, the reason behind the sudden firing of 225 workers was due to the “weakened demand for handcrafted goods.” So, it’s not just me! I felt this myself with my own business and was starting to wonder if it was just me, what I was making, or how I was promoting it. But no, it’s universal.