Wayfair plans to lay off 1,650 employees, or 13% of its staff, which it says will result in $280M+ in annual savings; Wayfair cut 1,750 jobs in 2023 (Granth Vanaik/Reuters)

Granth Vanaik / Reuters:

Wayfair plans to lay off 1,650 employees, or 13% of its staff, which it says will result in $280M+ in annual savings; Wayfair cut 1,750 jobs in 2023  —  Online furniture retailer Wayfair (W.N) said on Friday it would lay off about 1,650 employees, or 13% of its global workforce, as it looks to trim costs.