Furniture retailer Wayfair has announced plans to cut around 1,750 jobs, or 10% of its global workforce, as it looks to reorganise its business and become more agile.
Forming part of the company’s $1.4 billion cost cutting drive announced in August, the cuts will include 1,200 corporate roles to help eliminate management layers.
Including 870 job cuts made in August, Wayfair said the labour portion of the plan represents around $750 million worth of cost savings.
Wayfair has also announced that year-on-year gross revenue improved in December.
