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Wayfair Cuts 5% of Employees as It Looks to Rein in Expenses

·1 min read
Wayfair Cuts 5% of Employees as It Looks to Rein in Expenses

Wayfair announced plans to cut hundreds of jobs in an effort to manage costs. In a regulatory filing Friday, Wayfair (ticker: W) announced that it plans to lay off about 870 employees. The cuts are connected to the company’s previously announced plans to manage operating expenses and realign investment priorities, Wayfair said in the filing.