NEW YORK, NY, Aug 5 : Crafting marketplace Etsy Inc. is laying off approximately 220 employees, or 12 per cent of its workforce, as part of a restructuring plan it hopes will "improve coordination and speed of decision-making," the company said in a U.S. Securities and Exchange Commission filing on Wednesday.

(Corrects last paragraph to reflect that Etsy is reporting results on Wednesday, not Thursday)By Arriana McLymoreNEW YORK, NY, Aug 5 : Crafting marketplace Etsy Inc. is laying off approximately 220 employees, or 12 per cent of its workforce, as part of a restructuring plan it hopes will "improve coord