Wayfair Layoffs Focused on Remote Workers.

Wayfair, an online furniture seller, recently announced layoffs that affected employees who work remotely. Executives explained that the decision was aimed at improving decision-making within teams. During an all-hands meeting, employees raised concerns about the timing and tone of a memo from the CEO, as well as the company's long-term financial health. Wayfair has experienced significant growth during the pandemic but has seen sales and profits stagnate since then. The company's stock rose after the layoffs were announced, but it is down more than 80% from its all-time high in early 2021. Executives emphasized the importance of having most workers in the office on most days. [Extracted from the article]