Online furniture retailer Wayfair plans to cut around 870 jobs

US online furniture retailer Wayfair Inc. (Boston, Massachusetts) intends to cut approximately 870 jobs. According to a report by the Reuters news agency, the job cuts represent approximately 5% of the total global workforce of around 19,400. Wayfair expects the cuts to incur costs of US$30-40m. The majority of this...

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