Read the email Wayfair's CEO sent to staff announcing that it's laying off 13% of its workforce

Core Points - Wayfair is laying off 13% of its global workforce, approximately 1,650 employees, as part of a restructuring effort to create a "clean organizational model" for long-term growth [1][2][4] - The layoffs follow a recent communication from the CEO indicating that the company was "back to winning," yet cautioning employees to manage finances carefully [2][5] - Affected employees will receive severance pay and support during the transition, including access to employee assistance programs and networking resources [6][4] Company Strategy - The CEO emphasized the need for a leaner organization to enhance efficiency and focus on high-value activities, citing past over-hiring during periods of rapid growth as a contributing factor to current inefficiencies [7][10] - The company aims to return to core organizational principles that prioritize effective work allocation and minimize excess management layers [11][12] - Future organizational design will focus on achieving more with fewer resources, ensuring that the company remains competitive and capable of delivering results [13][14]