New York CNN —Wayfair is laying off 1,650 employees, amounting to 13% of its global workforce, as the online home goods retailer struggled to rebound following its success amid pandemic lockdowns.
“I believe we need to stay focused as a company on what committed small teams can accomplish,” Shah wrote Friday.
All workers will receive an email Friday about their future with the company and severance will be offered to those affected.
Late last year, Wayfair’s Shah garnered attention for his blunt year-end letter to his employees telling them to blend work and life together.
Shah also encouraged Wayfair employees to think of the company money they spend as their own and negotiate prices.
Persons:
New York CNN —, Niraj Shah, Wayfair “, Shah, “, ” Shah, Wayfair, Wayfair’s Shah, ”, CNN’s Nathaniel Meyersohn
Organizations:
New, New York CNN
Locations:
New York, Boston