“Wayfair shares surge after home goods retailer announces 1,650 job cuts, 13% of workforce”
January 23, 2024
“Wayfair is cutting 13% of its global workforce as the digital home goods retailer continues its efforts to trim down its structure, cut out layers of management and reduce costs after going “overboard” with corporate hiring during the Covid pandemic, it announced Friday.
The company plans to lay off around 1,650 employees, including 19% of its corporate team, with a focus on people in management and leadership positions, Wayfair said…”
https://www.cnbc.com/2024/01/19/wayfair-layoffs-home-goods-retailer-to-cut-1650-employees.html