business news in context, analysis with attitude

The Boston Globe reports that online home goods retailer Wayfair said yesterday that "it is laying off hundreds of employees, primarily in its Copley Square headquarters, in the midst of aggressive efforts to scale its business. In the last two years, Wayfair has doubled its size from around 8,000 workers to more than 17,000 worldwide. However, despite its growth, the company has also yet to turn a profit."

The company says that the 500 layoffs "is just a fraction of its worldwide employees."

Wayfair spokesperson Susan Frechette tells the Globe that the company is looking to “increase efficiencies while aligning our teams with the initiatives that drive the greatest impact for our customers … As part of that process, we have made some organizational changes that affect approximately three percent of our global workforce."

KC's View:

The word in Boston is that the tech folks losing their jobs will have lots of options - Boston is positively booming in this area.  

When Ahold Delhaize eventually moves its Peapod Labs to Boston from Chicago - which I think it will, no matter what they say - there will be a lot of folks in the employment pool from which to choose.