Read MoreCEO Josh Silverman tells staff the cuts are needed as sales have been “essentially flat” for two years.CEO Josh Silverman tells staff the cuts are needed as sales have been “essentially flat” for two years.

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Read MoreCEO Josh Silverman tells staff the cuts are needed as sales have been “essentially flat” for two years.CEO Josh Silverman tells staff the cuts are needed as sales have been “essentially flat” for two years.