Wayfair to layoff 5% of its workforce, or nearly 900 employees

Wayfair, the online home goods retailer, announced today it was laying off close to 900 employees as a way to reprioritize investment needs and meet the company’s current needs. This comes after the company announced a hiring freeze back in May. 
The layoffs represent close to 5% of the company’s global workforce and 10% of its corporate team, according to SEC filings. 400 jobs are being cut in Boston, at the company’s HQ.
“We were seeing the tailwinds of the pandemic accelerate the adoption of e-commerce shopping, and I personally pushed hard to hire a strong team to support that growth

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