Wayfair Cuts 5% of Global Workforce. Did You Know the Reason?
900 Employess
Online home products retailer Wayfair is laying off almost 900 specialists around the world
5% Layoff
This is 5% of the organization's labor force
400 in Boston
The cuts includes around 400 positions for Boston, where Wayfair is headquatered
Expansion
Wayfair saw a business surge during the pandemic, as individuals stuck at home shunned physical shopping and expanded spending on furnishings, home redesigns, and other homegrown upgrades.
Inflation
But the economy has betrayed the organization, as inflation has stressed family financial plans and restricted unimportant buys.
compensation
The organization is offering U.S.- based representatives at least 10 weeks' compensation