# Wayfair is cutting about 1,650 jobs, or 13% of its global workforce.

*business · news · 2024-01-19 · WDIV ClickOnDetroit*

## Key points

- Wayfair is cutting 1,650 jobs, representing 13% of its global workforce.
- Wayfair's restructuring aims to rebuild roles with modified leveling and reduce seniority in certain areas.
- Friday's Wayfair layoffs are expected to save over $280 million annually but incur up to $80 million in costs.
- Macy's is cutting about 2,350 jobs and closing five specific store locations across several states.

**Companies:** Macy's, Wayfair
**Countries:** United States

[Read the full story on WDIV ClickOnDetroit](https://www.clickondetroit.com/business/2024/01/19/wayfair-and-macys-are-cutting-thousands-of-jobs-as-retail-layoffs-deepen/)

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