‘Went overboard in hiring’: Wayfair's Indian-origin CEO Niraj Shah on firm's 1,650 jobs cut

Online furniture seller Wayfair on Friday announced its decision to lay off 1,650 employees, about 13 per cent of its workforce. The Boston-based company said the job cuts will result in annual cost savings of $280 million. Wayfair's Indian-origin CEO Niraj Shah said that the company's aim is to…

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