Wayfair Inc Stock News

W, KGS, ICAGY, COIN and PATH have been added to the Zacks Rank #1 (Strong Buy) List on January 23, 2023.

Wayfair (W) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the

Following a year when retail grew 3.5% overall and November-December 2023 holiday sales were even more robust, advancing 3.8%, retailers are going into 2024 with wind in their sales.

U.S. equities gained at midday, with the S&P 500 trading above its all-time closing high, after several strong earnings reports. The Dow and Nasdaq were also in positive territory.

Wayfair admits it hired too many people and is yet again cutting jobs to remedy its mistake. The company wants to hit a 10% adjusted profit margin but is still well below this goal.

The layoffs come after a year-end note to staffers telling them "working long hours, being responsive, blending work and life, is not anything to shy away from."

The shares of Wayfair Inc (NYSE:W) are surging today, after the furniture retailer announced it was cutting 13% of its workforce, or 1,650 employees, in its latest restructuring plan.

Wayfair is laying off 1,650 employees as part of its efforts around “right-sizing its cost structure.” The cuts amount to about 13% of its global workforce and 19% of its corporate team, the furni

Online furniture retailer Wayfair Inc (NYSE:W) announced a significant workforce reduction, laying off approximately 1,650 employees, representing 13% of its global workforce. The move is part of the

Wayfair (NYSE: W ) layoffs are a hot topic on Friday as the e-commerce company announces major cuts to its workforce to streamline operations. That has the company cutting 1,650 employees or 13% of it

E-commerce home goods retailer Wayfair said it will cut jobs and expects its restructuring plan, which started in August 2022, to save more than $280 million.

Wayfair sees annualized cost savings of more than $280 million from the job cuts.

Wayfair is laying off 13% of its global workforce, or around 1,650 staff. "I truly regret the impact this will have on you," CEO Niraj Shah told staff.

Wayfair Inc. shares rose 15.9% in premarket trades Friday after the home goods retailer announced a workforce reduction involving approximately 1,650 employees. The cuts represent approximately 13% of

Wayfair is cutting 1,650 jobs, or 13% of its workforce, it said Friday. Almost 1 in 5 corporate staff are being laid off and the company is reviewing levels of management.