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US E-Commerce Company Wayfair Cut About 550 Jobs in Restructuring

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Wayfair Cut 350 Jobs in Boston

Wayfair Inc (NYSE – W) , the Boston-Massachusetts based e-commerce company which world wide employees almost 17000 people, announced to cut 550 employees . A spokesperson for the furniture company said the layoffs affected about 350 people in its Boston headquarters and three percent of its global workforce.

“To position the organization to take advantage of the opportunity ahead, we continually evaluate the needs of the business and work to increase efficiencies while aligning our teams with the initiatives that drive the greatest impact for our customers,” spokesperson John Costello said in a statement. “As part of that process, we have made some organizational changes that affect approximately three percent of our global workforce.”

On Thursday morning, employees got a message via Slack, according to the Boston Globe, that all of their internal tools were being locked, meaning employees were not able to deploy code or make significant data changes.

The company employs more than 17,000 people, a spokesperson said and continue to hire to drive future growth. While headquartered in Boston, it also has operations throughout North America and Europe.

Since it was founded in 2002 it has been growing at a significant rate. It has expanded operations in Massachusetts recently, opening a sales and service call center in Pittsfield offering hundreds of jobs in the Berkshires. It also opened its first brick-and-mortar store in the Natick Mall.

Read Also : American Airlines set its first flight to Bangalore from Seattle

(News Originated from Masslive)

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