Wayfair cuts off 5% of global workforce as sales slump

Chat Box The Online home goods retailer Wayfair is laying off around 900 workers worldwide. Image Credit- Yandex

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Wayfair seen business surge during the pandemic.

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But the economic environment had turned against the company.

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"This year, that growth has not materialized as we had expected." Said Niraj Shah

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We pushed hard to hire a strong team to support and maintain that growth. Niraj Shah

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Wayfair said, "Laid-off employees will receive severance based on geography, tenure and level.

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[{"selector":"#anim-9422ec07-0619-42a2-b9b0-73eb8f4f8f4b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(28.32526699591004%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":500,"duration":4000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] [{"selector":"#anim-94f773e2-375a-4069-8b87-d185d5cbc93d","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b85caa8a-cec4-4b40-ae2f-511052bf3816","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Chat Box The company has over 18,000 employees, in total. Learn more