Wayfair (W) to Cut Workforce By 5%, Shares Plunge

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Go back to Wayfair (W) to Cut Workforce By 5%, Shares Plunge

Wayfair (W) to Save ~$100M on Workforce Reduction - Needham & Company

August 19, 2022 9:29 AM EDT

Needham & Company analyst Anna Andreeva reiterated a Buy rating and $100.00 price target on Wayfair (NYSE: W) after the company announced a workforce reduction involving approximately 870 employees (5% of global workforce, 10% of the corporate team) as part of previously announced plans to manage Opex and realign investment... More

Wayfair (W) announces workforce reduction involving approximately 870 employees

August 19, 2022 7:20 AM EDT

Wayfair (NYSE: W)


On August 19, 2022, Wayfair Inc. (Wayfair, the Company, we or us) announced a workforce reduction involving approximately 870 employees in connection with its previously announced plans to manage operating expenses and realign investment priorities. This reduction represents approximately 5% of our global workforce and approximately 10% of our... More