Wayfair announces layoffs in money-saving effort
BRYAN, Texas (KBTX) - Online retailer Wayfair announced Friday it’s reducing its workforce by 1,750 employees, including 1,200 corporate staff.
The Boston, Massachusetts-based company opened a service center in Bryan in 2016. The company promised to bring 450 permanent jobs to the area. Now the parking lot at the location off University Drive sits mostly vacant.
A recent check on the company’s website doesn’t show Bryan as a place to work in the state of Texas.
Sources tell KBTX the Bryan location will be permanently closed. It had been closed due to COVID-19 concerns and re-opened in June 2022 with around 75-100 employees on site, down from the 500+ employees who worked there in 2020.
Wayfair CEO and Co-Founder Niraj Shah in a release announcing the layoffs said that it will help the company save around $750 million.
“In hindsight, similar to our technology peers, we scaled our spending too quickly over the last few years. The good news for Wayfair is that we have operated in a highly productive and efficient way for the vast majority of our 20-year history, and we are now simply returning to that.”
Copyright 2023 KBTX. All rights reserved.