Etsy to cut 12% of staff as it beats forecasts and launches $2bn share buyback

Etsy reported Q2 revenue above expectations, raised its outlook, and launched a $2bn buyback, but also announced a 12% headcount reduction and a restructuring charge. While operating momentum and capital return support equity sentiment, the reported EPS loss tied to the Depop sale and a slight decline in active buyers temper enthusiasm. Spillover to broader markets appears limited, with the news largely idiosyncratic.