Wayfair's profit slips to £2.6M despite job cuts

By  
Artur Stańczuk
July 28, 2024
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Summary:

Wayfair UK's profit fell from £2.7M to £2.6M by December 31. Sales declined 17% to £69M. The company laid off 30% of staff, cutting numbers from 847 to 587, part of a $1.4B cost-saving plan. Strategy aims for European growth.

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