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(Reuters) -Wayfair said on Friday it would lay off 1,650 employees, or about 13% of its workforce, and forecast annual core profit above estimates, sending the online furniture retailer's shares ...
(Wayfair’s stock surged in spring 2020 when the pandemic led to an explosion of online shopping, but then fell again in the beginning of 2022. Following Friday’s announcement—and Shah’s ...
At the start of this year, the furniture retailer’s stock surged by 20% after laying off around 1,750 employees, or 10% of its global workforce. It marked Wayfair’s second round of job cuts in ...
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