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Wayfair to layoff 5% of its workforce, or nearly 900 employees

Wayfair to layoff 5% of its workforce, or nearly 900 employees

2 years ago
Anonymous $Dcz6_RW03I

https://techcrunch.com/2022/08/19/wayfair-to-layoff-5-of-its-workforce-or-nearly-900-employees/

Wayfair, the online home goods retailer, announced today it was laying off close to 900 employees as a way to reprioritize investment needs and meet the company’s current needs. This comes after the company announced a hiring freeze back in May. 

The layoffs represent close to 5% of the company’s global workforce and 10% of its corporate team, according to SEC filings. 400 jobs are being cut in Boston, at the company’s HQ.