Wayfair makes a harsh decision as the company struggles to attract customers.
The company has announced that they decided to layoff 340 tech workers. Wayfair stated that “to best support Wayfair’s next phase of growth they must refocus their resources, streamline operations, and ensure our teams are structured for long-term success.” Also stating “As part of this effort, we are making the difficult but necessary decision to reshape the departure of approximately 340 valued colleagues and friends.”
The company also announced that there closing its Technology Development Center in Austin, Texas.
Wayfair is leveraging generative AI to boost productivity. They are also using a tool called Muse that uses artificial intelligence to allow customers to personalize their home shopping on its website.
Wayfair states that “Muse is our evolution in how our customers discover, personalize, and shop for their dream spaces.
By - VC
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