Wayfair lays off 870 people, about 5 percent of its global workforce - The Verge

Wayfair announced it’s laying off about 870 employees. Its most recent earnings report showed net revenue dropped by 15 percent compared to the same period in 2021.

Wayfair CEO: Our team is too large for the environment we are now in Photo by David L. Ryan / The Boston Globe via Getty Images Wayfair saw a spike in sales at the beginning of the pandemic as cust… [+2078 chars]

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