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