Form 8-K Wayfair Inc. For: Jan 20
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Wayfair (W) to layoff 1,750 workers - shares rise
January 20, 2023 8:35 AM ESTWayfair (NYSE: W) shares have rallied around 7% premarket after the company said it will lay off approximately 1,750 employees, representing 10% of its global workforce.
It includes approximately 1,200 or 18% of the retailer's corporate employees, with the changes reflecting efforts by Wayfair to "eliminate management layers and reorganize to be more agile."
Wayfair said that inclusive of the August 2022 restructuring, the labor portion of the plan represents approximately $750 million in... More
