AdvertisementLaying off workers over and over is working out great for Wayfair, according to the company's leaders. On Thursday, Wayfair CEO Niraj Shah wrote in a letter to shareholders — co-signed by co-founder and co-chairman Steve Conine — that several rounds of layoffs over the last year-and-a-half have helped the company become leaner and meaner. "While it is early, it does seem like we are getting more done, and faster, and at a lower cost," Shah and Conine wrote in the letter. "It also feels like we have the right level leaders in charge of the right things." This story is available exclusively to Business Insider subscribers.

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Persons: Niraj Shah, Steve Conine —, Shah, Conine Organizations: —, Business