After acknowledging overhiring during COVID-19, Wayfair has decided to reduce its global workforce by 13%, or 1,650 employees, in order to save $280 million annually.

Wayfair, an online home goods retailer, has announced plans to cut 13% of its global workforce, which amounts to around 1,650 employees. The layoffs will primarily affect the corporate team and are expected to save the company over $280 million annually. This decision comes after CEO Niraj Shah acknowledged that the company had overhired during the COVID-19 pandemic.

January 19, 2024
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