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Wayfair cuts 340 tech jobs and closes its Austin hub to modernize its tech systems, with severance costing $33-38M.
Wayfair, a home goods retailer, announced it will cut 340 tech jobs and close its Austin hub as part of a plan to modernize its technology systems.
Despite the layoffs, the company plans to continue investing in tech and maintain centers in Seattle, Boston, Mountain View, Toronto, and Bengaluru.
The move follows years of tech upgrades and is expected to cost between $33 million and $38 million in severance.
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Wayfair reduce 340 empleos tecnológicos y cierra su centro de Austin para modernizar sus sistemas tecnológicos, con despidos que cuestan $33-38M.