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commerce
shāng yè
商业
·HSK 4

handmade crafts / artisan goods
shǒugōngyìpǐn
手工艺品
platform
píngtái
平台
Etsy (online craft marketplace)
Etsy
Etsy
to announce
xuānbù
宣布
to cut / to reduce (workforce)
cáijiǎn
裁减
12 percent
bǎifēnzhī shíèr
百分之十二
employees / staff
yuángōng
员工
in order to / so as to
yǐ
以
to advance / to push forward
tuījìn
推进
business operations
yèwù
业务
restructuring / reorganization
chóngzǔ
重组
。

handmade crafts / artisan goods
shǒugōngyìpǐn
手工艺品
e-commerce
diànshāng
电商
platform
píngtái
平台
Etsy (online craft marketplace)
Etsy
Etsy
to announce
xuānbù
宣布
to cut / to reduce
cáijiǎn
裁减
approximately
yuē
约
12 percent
bǎifēnzhī shíèr
百分之十二
(possessive particle)
de
的
employees / staff
yuángōng
员工
，
in total / a combined
gòng
共
approximately
yuē
约
220 people
èr bǎi èrshí rén
二百二十人
，
mainly / primarily
zhǔyào
主要
to affect / affecting
yǐngxiǎng
影响
product
chǎnpǐn
产品
and
hé
和
engineering
gōngchéng
工程
department
bùmén
部门
。
Chief Executive Officer (CEO)
shǒuxí zhíxíngguān
首席执行官
to state / to indicate
biǎoshì
表示
，
this
cǐcì
此次
adjustment / restructuring
tiáozhěng
调整
aims to / is intended to
zhǐzài
旨在
to improve / to enhance
tíshēng
提升
operations / operational
yùnyíng
运营
efficiency
xiàolǜ
效率
，
not / is by no means
bìngfēi
并非
with the goal of
yǐ
以
to lower / to reduce
jiàngdī
降低
cost
chéngběn
成本
as / to be
wéi
为
goal / objective
mùbiāo
目标
。

August 6, 2026 at 8:30 AM

handmade crafts / artisan goods
shǒugōngyìpǐn
手工艺品
e-commerce
diànshāng
电商
platform
píngtái
平台
Etsy (online craft marketplace)
Etsy
Etsy
to announce
xuānbù
宣布
，
will (future marker)
jiāng
将
to cut / to reduce (workforce)
cáijiǎn
裁减
approximately
yuē
约
12 percent
bǎifēnzhī shíèr
百分之十二
(possessive particle)
de
的
employees / staff
yuángōng
员工
，
involving / affecting
shèjí
涉及
approximately / around
dàyuē
大约
220 people
èr bǎi èrshí rén
二百二十人
。
this round / this current
běn lún
本轮
layoff / workforce reduction
cáiyuán
裁员
mainly / primarily
zhǔyào
主要
concentrated in / focused on
jízhōng zài
集中在
product
chǎnpǐn
产品
and
hé
和
engineering
gōngchéng
工程
department
bùmén
部门
，
purpose / goal
mùdì
目的
is
shì
是
to build / to create
dǎzào
打造
more / even more
gèng
更
flat / streamlined (organization)
biǎnpíng
扁平
、
responsive
xiǎngyìng
响应
faster
gèng kuài
更快
(structural particle)
de
的
team
tuánduì
团队
structure
jiégòu
结构
。
layoff / workforce reduction
cáiyuán
裁员
after completion / once completed
wánchéng hòu
完成后
，
Etsy (online craft marketplace)
Etsy
Etsy
global / worldwide
quánqiú
全球
employees / staff
yuángōng
员工
total number
zǒngshù
总数
will
jiāng
将
to drop to / to fall to
jiàng zhì
降至
approximately
yuē
约
1,600 people
yī qiān liù bǎi rén
一千六百人
。
company
gōngsī
公司
to estimate / expects
yùjì
预计
this / the current
běn cì
本次
restructuring / reorganization
chóngzǔ
重组
will
jiāng
将
to incur / to generate
chǎnshēng
产生
approximately
yuē
约
$35 million
sān qiān wǔ bǎi wàn Měiyuán
三千五百万美元
(possessive particle)
de
的
severance / dismissal
qiǎnsàn
遣散
and / as well as
jí
及
related / associated
xiāngguān
相关
costs / expenses
fèiyòng
费用
。
Chief Executive Officer (CEO)
shǒuxí zhíxíngguān
首席执行官
Kruti Patel Goyal (Etsy CEO)
Kèlǔdì Pàtèěr Gēyǎěr
克鲁蒂·帕特尔·戈亚尔
to state / to indicate
biǎoshì
表示
，
this
cǐcì
此次
transformation / reform
biàngé
变革
(possessive particle)
de
的
goal / objective
mùbiāo
目标
is
shì
是
to improve / to enhance
tíshēng
提升
operations / operational
yùnyíng
运营
efficiency
xiàolǜ
效率
，
rather than / not
érfēi
而非
simply / purely
dānchún
单纯
to cut / to reduce
xuējiǎn
削减
cost
chéngběn
成本
。
she / her
tā
她
also
hái
还
to emphasize / to stress
qiángdiào
强调
，
layoff
cáiyuán
裁员
not / is by no means
bìngfēi
并非
by / driven by
yóu
由
artificial intelligence
réngōng zhìnéng
人工智能
to replace / to substitute
qǔdài
取代
human labor / workforce
rénlì
人力
(nominalizer for passive constructions)
suǒ
所
driven / motivated
qūdòng
驱动
，
but rather / instead
érshì
而是
in order to / for the purpose of
wèile
为了
to improve
gǎishàn
改善
team
tuánduì
团队
collaboration / teamwork
xiézuò
协作
method / approach
fāngshì
方式
。
news / announcement
xiāoxi
消息
after the announcement / following the news
gōngbù hòu
公布后
，
Etsy (online craft marketplace)
Etsy
Etsy
share price / stock price
gǔjià
股价
in / during
zài
在
after-hours (trading)
pán hòu
盘后
trading
jiāoyì
交易
in / during
zhōng
中
to appear / to experience
chūxiàn
出现
a decline / falling
xiàdiē
下跌
。

News in English

Business

Etsy Cuts 12 Percent of Workforce in Restructuring Push

Etsy announced it will cut approximately 12 percent of its workforce, around 220 employees, primarily in product and engineering departments. The CEO stated the restructuring aims to improve operational efficiency, not to reduce costs.

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grow
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United States / American
Měiguó
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7 yuè
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only / merely
jǐn
仅
to rise / to go up
shēng
升
0.1 percent
0.1%
0.1%
，
interest rate hike
jiā xī
加息
worry / concern
dānyōu
担忧
to ease / to alleviate
huǎnjiě
缓解
。

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Trian Fund Management (investment firm)
Tèlǐān Jījīn
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to plan / plan
jìhuà
计划
to acquire / takeover
shōugòu
收购
Wendys (fast-food chain)
Wēndí
温迪
，
stock price
gǔjià
股价
to rise / to go up
shàngzhǎng
上涨
13 percent
13%
13%
。

Trian Fund Prepares Bid to Take Wendys Private as Stock Jumps 13 Percent