Dive Brief:Etsy will lay off about 220 people, roughly 12% of its workforce, according to a letter to shareholders published Wednesday. In a memo to employees made public the same day, CEO Kruti Patel Goyal said neither cost cuts nor artificial intelligence spurred the move. The artisan-led marketplace Wednesday also reported year-on-year Q2 revenue growth topping 6%, not including Depop, which Etsy sold to eBay. Dive Insight:Under Patel Goyal, who took the helm as CEO at the start of this year, Etsy is embracing dichotomies. In her shareholder letter, Patel Goyal also emphasized that “our differentiation as a human-centered marketplace is our greatest strength.”