Wayfair Lays Off 340 Tech Workers in Major Restructuring Effort
2025-03-07
AOL
Shares of Wayfair Inc. (NYSE:W) are surging in premarket trading on Friday after the company announced a significant restructuring of its Technology team, resulting in the elimination of approximately 340 jobs. This major workforce reduction is part of the online furniture and home goods retailer's efforts to optimize its operations and improve efficiency. The move is expected to have a significant impact on the company's e-commerce platform and digital transformation strategy, as it navigates the competitive online retail landscape and focuses on enhancing customer experience through technology and innovation, including artificial intelligence and data analytics.
