Wayfair to lay off 5% of its workforce, or nearly 900 employees

Wayfair, the online home goods retailer, announced today it was laying off close to 900 employees as a way to reprioritize investment needs and meet the company’s current needs. This comes after the company announced a hiring freeze back in May.

The layoffs represent close to 5% of the company’s global workforce and 10% of its corporate team, according to SEC filings, with 400 jobs being cut in Boston at the company’s HQ.

*Source: https://techcrunch.com/2022/08/19/wayfair-to-layoff-5-of-its-workforce-or-nearly-900-employees/