Wayfair is laying off 1,650 employees
Wayfair Inc. shares rose 15.9% in premarket trades Friday after the home goods retailer announced a workforce reduction involving approximately 1,650 employees. The cuts represent approximately 13%...
Wayfair is slashing 1,650 jobs just weeks after the CEO said it was profitable again
Wayfair is cutting 1,650 jobs, or 13% of its workforce, it said Friday. Almost 1 in 5 corporate staff are being laid off and the company is reviewing levels of management.
Wayfair to lay off 13% of workforce, impacting 1,650 employees
Digital home goods retailer Wayfair is cutting 13% of its global workforce as it looks to trim down its structure, cut layers of management and reduce costs.
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Wayfair CEO Niraj Shah says employees need to work longer hours— and ‘blend work and life'
“Working long hours, being responsive, blending work and life, is not anything to shy away from. There is not a lot of history of laziness being rewarded with success.
Wayfair CEO tells employees the company is profitable once again — but to expect long hours and 'blending work and life'
Wayfair is back to being profitable, CEO Niraj Shah wrote in an email obtained by Business Insider. Shah also told employees to be frugal and open to working long hours.
Wayfair: Good Execution, Margin Expansion, Reiterate Buy
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Wayfair (W) Q3 Loss Narrower Than Expected, Revenues Rise Y/Y
Wayfair's (W) third-quarter 2023 results reflect the negative impact of declining active customers and lower net revenues per active customer.
Wayfair reports mixed 3Q earnings
Wayfair Inc (NYSE:W, NYSE:) shares fell in early trade as the online home goods retailer's third quarter sales missed analyst estimates. Revenue increased by 3.7% or $104 million year-over-year to ...
Wayfair (W) Reports Q3 Loss, Misses Revenue Estimates
Wayfair (W) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.43. This compares to loss of $2.11 per share a year ago.
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