Wayfair cuts 870 jobs, including 400 in Boston, as stock plunges - The Boston Globe

Chief executive Niraj Shah announced the job cuts in a memo to all 18,000 employees on Friday morning. The company is offering severance based on geography, tenure, and job level.

Online home furnishings retailer Wayfair is cutting 870 jobs, including 400 in its home city of Boston, as the company reacts to sales declines brought on in part by steep inflation. Chief executive… [+4528 chars]

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