Wayfair Inc. is an e-commerce company that specializes in the sale of furniture and home goods. It was founded in 2002 and was formerly known as CSN Stores, with its headquarters in Boston, Massachusetts. The company currently offers 14 million items from more than 11,000 global suppliers, with offices and warehouses throughout the United States, Canada, Germany, Ireland, China, and the United Kingdom.
According to reports, Wayfair will layoff 13% of its global corporate workforce, which amounts to about 1,650 employees, in an effort to reduce costs and stay effective as a company, citing macroeconomic issues like inflation. The report further emphasizes an unnecessary surge in hiring that occurred during the pandemic.
