Wayfair said on Friday it would lay off 1,650 employees, or about 13% of its workforce, and forecast annual core profit above estimates, sending the online furniture retailer's shares up as much as 15%. CEO Niraj Shah said Wayfair's aim is to maximize the company's free cash flow and potentially reduce its total share count. "We went overboard in hiring …
Wayfair CEO Niraj Shah, an Indian American entrepreneur, has advocated for extended work hours and emphasized the integration of work and personal life for employees. In a recent communication to Wayfair staff, Shah underscored the importance of hard work for achieving success, stating, "Winning requires hard work," as reported by CNN. He encouraged a work culture that embraces long hours, …
Wayfair CEO Niraj Shah’s year-end memo to his employees did not go down well with many of them and the public. Public outcry over Wayfair CEO Niraj Shah's year-end message Shah sent the memo last week to the company’s salaried corporate employees, according to Business Insider, who first reported it. “This is something to be very proud of.” The year-end …
Wayfair CEO Niraj Shah courted outrage this week after urging employees to to embrace longer work hours and blend work with life. The missive urged employees to find a way to "blend and balance" their personal and professional efforts and explained that “winning requires hard work”. “Every single employee at Wayfair should quit after that email from Niraj Shah,” opined …
