Wayfair Announces Workforce Reduction: 13% Job Cuts to Streamline Operations

Wayfair, the online home goods retailer, has revealed plans to implement a significant workforce reduction, affecting 13% of its global employees. The move, aimed at streamlining operations and cutting costs, particularly targets corporate management and leadership positions. This announcement marks the third phase of Wayfair's restructuring efforts initiated in the summer of 2022, with an anticipated cost-saving of around $280 million.

Wayfair is set to lay off approximately 13% of its global workforce, impacting more than 1,600 employees. The majority of the job cuts are expected to occur in corporate management and leadership roles as part of. . .