Wayfair Layoffs 2024: What to Know About the Latest W Job Cuts
Wayfair(W) InvestorPlace·2024-01-19 22:07
Wayfair (NYSE:W) layoffs are a hot topic on Friday as the e-commerce company announces major cuts to its workforce to streamline operations.That has the company cutting 1,650 employees or 13% of its total global workforce. These Wayfair layoffs will also result in 13% of its corporate workers no longer having jobs with the furniture e-commerce business.Wayfair is expecting the layoffs to result in $70 million to $80 million in costs connected to severance a benefits. These charges will mostly be contained t ...