Etsy Trims Workforce in Response to “Challenging” Market, Stock Takes a Hit
![Etsy Trims Workforce in Response to "Challenging" Market, Stock Takes a Hit](https://globalretailoutlook.com/wp-content/uploads/2023/12/Etsy_stock_falls_after_company_lays_off_11_of_its_staff_citing.png)
December 18, 2023 : Etsy, the online marketplace known for its handcrafted and vintage goods, has announced a significant workforce reduction, laying off 11% of its employees.
Shein and Temu Spar Again: Temu Files Fresh Lawsuit, Alleging ‘Mafia-Style Tactics’
![Shein and Temu Spar Again: Temu Files Fresh Lawsuit, Alleging 'Mafia-Style Tactics'](https://globalretailoutlook.com/wp-content/uploads/2023/12/Temu_files_fresh_lawsuit_against_Shein_accusing_its_rival_of_‘mafia.png)
December 18, 2023 : The gloves are again off in the heated battle between fast-fashion giants Shein and Temu. A new lawsuit filed by Temu accuses its rival of employing “mafia-style intimidation” tactics to stifle competition.