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Wayfair is cutting about 1,650 jobs, or 13% of its global workforce.
Wayfair is cutting 1,650 jobs, representing 13% of its global workforce.
KEY POINTS
- 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
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