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Wayfair forecast about $70 million-$80 million of costs, consisting primarily of employee severance and benefit costs, most of which would be recorded in the first quarter of 2024. Since 2021, the ...
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 ...
(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 ...
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