The CEO writes it is 'too large' after pandemic hiring
, the online furniture and home decor retailer indicated that the “workforce reduction” affects 5 percent of its global workforce and 10 percent of its corporate team.a decrease in active customers, orders per customer, order deliveries, and a slight decrease in orders delivered via Wayfair’s mobile app and in other areas. Overall, Wayfair saw a nearly 15 percent decrease in net revenue compared to its earnings in 2021.
As costs have risen recently and fears of a recession lingered, companies in many industries have shrunk their team as a result of a changing sales environment after the peak period of the pandemic and saying they now need to save money.
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