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 ...

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 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 .

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 (NYSE:W) is gearing up to release its second-quarter earnings before the market opens on August 4, with expectations ...

Wayfair is seeing its revenues decline at an accelerating pace. Additionally, its capacity to operate on a cash-flow positive basis has been disrupted, and it faces an increasing interest burden.

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.

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 Inc (NYSE: W) reported a second-quarter FY22 sales decline of 14.9% year-on-year to $3.28 billion, beating the consensus of $3.19 billion. International net revenue fell 35.7% to $0.5 ...

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 ...

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 ...

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 ...