Wayfair is cutting about 870 employees, or 5% of its global workforce, as part of a plan previously announced by the home goods company to manage operating costs and realign its investment ...

News Wayfair to Cut 1,750 Jobs, 10% of Staff, After Sales Decline Wayfair said the reductions would include about 18% of corporate employees, reflecting efforts to eliminate management layers and ...

Wayfair CEO says home good sales decline is reminiscent of 2008 recession. High interest rates combined with inflation have contributed to a slowdown in home furnishing and good sales .

Wayfair announced on Friday that it is laying off nearly 900 employees, or 5% of its workforce worldwide. The Boston home goods company is cutting about 870 jobs. Wayfair reported a 55% sales ...

Wayfair's steep valuation premium ignores limited growth, lack of competitive edge, and market challenges. Read here for more ...

After reporting sales gains and reaching profitability during the early days of the pandemic, Wayfair has taken a hit. The online home retailer was the only company among the top 10 e-commerce ...

Wayfair's financial position is precarious, ... In my opinion, Wayfair's financial position implies it cannot afford the 10-30% decline in sales that would likely occur during a recession.

In the quarter ended June 30, Wayfair’s sales fell by 2% to $3.12 billion while reported a loss of $42 million or 34 cents per share. 3 The company has had two massive layoff rounds within the ...

Wayfair's Q3 adjusted EPS of 22 cents surpassed estimates, while sales declined 2% to $2.88 billion, exceeding analyst expectations. Wayfair aims to enhance customer loyalty and repeat business ...

Wayfair, which now offers more than 18 million products, brought in sales of $9.1 billion in 2019, which was up 35% from the previous year. It also recorded losses of about $1 billion. Got a tip?

The CEO of Wayfair compared the company’s disappointing sales report to trends they saw during the 2008 recession, saying that consumers are still “cautious” about spending money, as fears of a ...

Wayfair Inc. (NYSE:W) shares are trading lower on Friday. The company reported third-quarter adjusted earnings per share of 22 cents, beating the street view of 13 cents. Quarterly sales of $2.884 ...