Wayfair’s customer count falls to pre-pandemic levels
February 24, 2023
Wayfair lost five million customers in 2022, bringing the number back to where it was before the pandemic hit in early 2020. The online furniture retailer has laid off about 10 percent of its global workforce to align costs with its top-line results. In a letter to investors, company co-founders Niraj Shah and Steve Conine said they want to “return to our roots as a thrifty organization.”
Recent News
Tech Experts Claim Multimodal AI Is the Next Big Thing
In the ever-evolving landscape of technology, there’s a new contender stealing the spotlight: multimodal AI.
McDonald’s May Be Ending Its Free Drink Refills
The days of patrons refilling their own cups will be over by 2032.
Trump Embraces Cryptocurrency to Mixed Responses
Former President Donald Trump’s recent embrace of the cryptocurrency market has stirred both excitement and skepticism within the industry.
Bumble Is Sorry for Ads That Mock Celibacy
The dating app is in hot water for its newest ad campaign.