Wayfair to cut 1,650 jobs

Wayfair is cutting about 13% of its global workforce, affecting approximately 1,650 employees, the company announced on Friday. The e-commerce home goods retailer said it expects the restructuring plan, which started in August 2022, to save more than $280 million. At the end of 2022, the company employed 17,505 workers, according to a March 2023 proxy statement."The changes announced today reflect a return to our core principles on resource allocation, such as getting fit on spans and layers as well as focu ...