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markets e-commerce

Wayfair Plans Second Round of Job Cuts in Six Months

By
Ann Gehan
· · Source: The Wall Street Journal

Online furniture retailer Wayfair is planning to lay off more than 5% of its workforce, or around 1,000 employees, according to a report from The Wall Street Journal. The cuts are the Boston-based company’s second round of layoffs in six months. Wayfair has struggled to get costs under control after growing rapidly during the pandemic, when consumers stuck at home raced to purchase new...

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