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Wayfair is laying off 1,650 workers, weeks after CEO urged staff to work harder

Por: MarketWatch Politics January 19, 2024

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In a statement released early Friday, Wayfair said that its workforce-realignment plan is expected to deliver annualized cost savings of more than $280 million. “While today’s actions will bolster our Adjusted EBITDA roadmap, I am increasingly focused on generating Adjusted EBITDA in excess of equity-based compensation as well as capital expenditures, and intend to drive meaningful improvements here quickly,” Wayfair CEO Shah said in the... + full article



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