Both EU and NA, all departments. 10 weeks severance.
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"If they already know they are going to lay those people off, why not just do it now and recognize an additional 3 months of cost savings?"
Because they want to squeeze whatever productivity they can out of them before the holidays and then can them.
Why would they do a second round of layoffs in November? If they already know they are going to lay those people off, why not just do it now and recognize an additional 3 months of cost savings? Plus, given how much the stock dropped from this announcement - why put themselves through that twice? Interested to hear any perspective from those better informed than I.
If they haven't already done so, they can cut staff just by not renewing the (very) large amount of contractors they've hired (to deal with everyone who has left).
If the earlier round of layoffs in 2020 were any indication, they've forced out many more than the public layoff amount, whether those forced out earlier this year were aware of why or not.
People thought the 2020 layoffs destroyed morale... this is going to be worse.
Expect the next round 2 weeks after Q3 earnings are announced on November 3rd. The majority of the next round layoffs is customer service agents/managers and then spilt between all other depts.
This is (at least) the 2nd time the CEO has taken the blame for over-hiring. When will employees realize leadership is completely flawed from the top down, making the same mistakes over and over?
Who will be made redundant in October? Different departments or more or the same?
Fu-k Wayfair. Toxic, back-stabbing culture, I hope the whole place goes under. I wonder when they'll start slashing bloated salaries/options because they can't keep pretending they are big tech.
Management in my department is acting like this is news to them. People were doubting the post from a few weeks ago and turns out they were correct about layoffs.
They did a hiring freeze telling us that it was so no layoffs would happen and here we are. Liars. And I'm sure more layoffs will happen soon.
Why are they hiring for the new call center and adding new hires. None of this makes sense.
I heard 40% of customer service jobs will be eliminated by end of the year.
Yes, and in the message sent to the employees the CEO says that he personally takes responsibility for pushing the over-hiring during the pandemic. Oh really? Wasn't it to be expected that the bo-m was temporary? This is a joke.
The naysayers doubted those who gave the warning. This is the first set of layoffs more to come in October.