Wayfair to cut 870 jobs, shares down 17%
Online furniture retailer Wayfair Inc said on Friday it would cut about 870 jobs, or 5% of its global workforce, as it looks to cut back operating expenses and realign investment priorities. Retailers from Wayfair to Restoration Hardware and Target Corp in recent earnings reports noted weaker sales of furniture as U.S. consumers spend less […]
Wayfair to cut 870 jobs, shares down 17%
Online furniture retailer Wayfair Inc said on Friday it would cut about 870 jobs, or 5% of its global workforce, as it looks to cut back operating expenses and realign investment priorities. Retailers from Wayfair to Restoration Hardware and Target Corp in recent earnings reports noted weaker sales of furniture as U.S. consumers spend less […]