Wayfair (W) to Cut Workforce By 5%, Shares Plunge
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/17/2026
- S&P 500 inches lower as Middle East tensions outweigh tech gains
- L3Harris CEO steps down amid conduct review, shares drop
- Reddit leads social media platforms in revenue growth per user
- Northland Upgrades Astera Labs (ALAB) to Outperform, 'Right Time, Customers, and Products'
- H.C. Wainwright Reiterates Buy Rating on Soluna (SLNH)
Wayfair (W) to Save ~$100M on Workforce Reduction - Needham & Company
August 19, 2022 9:29 AM EDTNeedham & Company analyst Anna Andreeva reiterated a Buy rating and $100.00 price target on Wayfair (NYSE: W) after the company announced a workforce reduction involving approximately 870 employees (5% of global workforce, 10% of the corporate team) as part of previously announced plans to manage Opex and realign investment... More
Wayfair (W) announces workforce reduction involving approximately 870 employees
August 19, 2022 7:20 AM EDTWayfair (NYSE: W)
On August 19, 2022, Wayfair Inc. (Wayfair, the Company, we or us) announced a workforce reduction involving approximately 870 employees in connection with its previously announced plans to manage operating expenses and realign investment priorities. This reduction represents approximately 5% of our global workforce and approximately 10% of our... More
