Wayfair to Lay Off Almost 900 Workers, Nearly 5% of Its Workforce

Wayfair said it would lay off about 870 employees as part of efforts to manage operating costs and realign investment priorities.

The reduction represents about 5% of the company’s global workforce and about 10% of its corporate team, Wayfair said Friday. The company had previously announced a hiring freeze, which it said began in May.

This post first appeared on wsj.com