Wayfair prepares to cut more than 1,000 jobs - WSJ
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Wayfair (W) to layoff 1,750 workers - shares rise
January 20, 2023 8:35 AM ESTWayfair (NYSE: W) shares have rallied around 7% premarket after the company said it will lay off approximately 1,750 employees, representing 10% of its global workforce.
It includes approximately 1,200 or 18% of the retailer's corporate employees, with the changes reflecting efforts by Wayfair to "eliminate management layers and reorganize to be more agile."
Wayfair said that inclusive of the August 2022 restructuring, the labor portion of the plan represents approximately $750 million in... More
Wayfair (W) announces reduction of approximately 1,750 employees, 10% of its global workforce
January 20, 2023 7:13 AM ESTWayfair Inc. (NYSE: W), one of the worlds largest destinations for the home, today announced additional details related to right-sizing its cost structure as well as continued strong business performance since the Cyber Five period. Totaling more than $1.4 billion in annualized cost actions, the plan initiated in August 2022 is well underway and is... More
