OfferUp CEO Todd Dunlap. (OfferUp Photo)OfferUp, the Seattle-area company behind a popular used goods marketplace, is cutting 22% of its headcount in a bid to remain profitable as it looks to expand into new product lines.In a memo to staff, which you can read in full below, OfferUp CEO Todd Dunlap cited macroeconomic trends such as programmatic ad rates that affected some of the company’s revenue lines.“While we still have plenty of cash on our balance sheet, it’s important in these times to remain profitable,” he wrote.The company did not disclose the number of employees affected by the layoffs. OfferUp has nearly 500 employees, according to LinkedIn.Affected employees will receive severance and health benefits through the end of February. The company is providing career transition and job placement services.Founded in 2011, OfferUp competes against Craigslist, eBay, Facebook and other marketplaces where users buy and sell goods. The company says it facilitates 30 million transactions on its platform annually and is currently ranked No. 3 on the GeekWire 200, our index of Pacific Northwest startups

(GeekWire Illustration). When Dan Marx helped launch a new startup this summer, he pictured himself having to learn more about bicycles and their parts than anything related to U.S. tax policy. But in the first few months of BikeList, a peer-to-peer marketplace for bike sellers and buyers, the tech veteran is getting a crash course in taxes, politics and more