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Furniture retailer Wayfair to cut 1,750 jobs to save costs

Furniture retailer Wayfair to cut 1,750 jobs to save costs

Online furniture retailer Wayfair Inc said on Friday it will cut 1,750 jobs, or 10% of its workforce, in a cost-saving drive at a time when persistently high inflation has pressured consumer spending. The news sent its shares as much as 26% higher to an over four-month high of $48.94 amid broader market gains. The […]

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