03-05-2017 02:08 via feeds.mashable.com

Etsy boots CEO, lays off staff as stock plummets

Etsy is unraveling.
The struggling online craft store announced a major shakeup on Tuesday as a dismal earnings report tanked its shares in after-hours trading.
Chad Dickerson, the company's CEO of six years, will cede his post to board member John Silverman.
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The company also said it would lay off 80 employees — around 8 percent of its workforce.
New York City venture capitalist Fred Wilson of Union Square Ventures wil
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