2024 has already proven to be a difficult year for layoffs. A handful of companies have been making job cuts in recent weeks, bringing uncertainty for workers across industries.
US online retailer Wayfair is set to cut 1,650 jobs, amounting to 13% of its workforce, following a controversial memo from CEO Niraj Shah. In the leaked memo, Shah urged employees to work longer hours, prompting public backlash and calls for a boycott.
Online furniture retailer Wayfair said on Friday it would lay off about 1,650 employees, or 13 per ent of its global workforce, as it looks to trim costs.