In June, online marketplace Etsy (NASDAQ: ETSY) announced a revitalized plan to double down on key initiatives for driving gross merchandise-sales (GMS) volume and improve profitability. The plan, which included a reduction of 15% of the company's global headcount, is already beginning to drive results for the company.
Etsy's second-quarter results highlighted an acceleration of revenue growth and robust guidance, giving credibility to Etsy's new CEO's aggressive plans to improve operations.
Image source: Etsy.
Source: Fool.com