In a surprising move, online home furnishings giant Wayfair (NYSE: NYSE:W) has announced a significant restructuring, involving the elimination of 1,650 jobs, constituting 13% of its global workforce. The company's CEO, Niraj Shah, attributed the decision to an acknowledgment that Wayfair had “gone overboard” in hiring during a robust economic period, leading to a deviation from its core principles. This strategic realignment aims to create a lean organizational model, laying the foundation …
Wayfair’s Strategic Shake-Up: Navigating Challenges & Prospects for NYSE:W by
In a surprising move, online home furnishings giant Wayfair (NYSE: NYSE:W) has announced a significant restructuring, involving the elimination of 1,650 jobs, constituting 13% of its global workforce. The company's CEO, Niraj Shah, attributed the decision to an acknowledgment that Wayfair had "gone overboard" in hiring during a robust economic period, leading to a deviation…
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