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As Wayfair Cuts Staff, Another Retailer Buckles

Wayfair's excuse for layoffs was that the company wants to drive efficiencies. That is what most faltering retailers say......»»

Category: blogSource: 247wallstFeb 14th, 2020

Wayfair cuts 350 jobs at its Boston headquarters

Internet retailer Wayfair, one of the largest employers in Massachusetts, cut 350 jobs in its Boston headquarters on Thursday. A company spokesperson said that in total, 3% of the company's workforce was cut, or about 500. The company has more than 1.....»»

Category: topSource: bizjournalsFeb 14th, 2020

Beauty retailer Birchbox cuts half of its NYC staff

Birchbox, the monthly subscription service company that was once hailed as an e-commerce darling, is making cuts again—this time laying off almost half its staff at its New York City... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkFeb 7th, 2020

Mattress unicorn Casper held a small round of layoffs this week

Online mattress retailer Casper Sleep Inc. made a round of staff cuts this week, according to people with knowledge of the matter. The New York-based company, led by Chief Executive Officer Philip... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkDec 15th, 2019

Bed Bath & Beyond cuts 7% of corporate staff, including COO

Furnishing retailer Bed Bath & Beyond Inc said on Tuesday its chief operating officer was departing as part of its move to cut 7% of corporate staff, following a review of office costs......»»

Category: topSource: reutersJul 23rd, 2019

Giant Singapore wealth fund cuts bonuses as staff ‘share pains’ of coronavirus impact

Temasek one of the world’s biggest sovereign-wealth funds, has frozen salaries amid coronavirus.....»»

Category: topSource: marketwatchFeb 25th, 2020

Morgan Stanley downgrades Wayfair to Underweight, cuts target to $65

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallFeb 24th, 2020

Some truck drivers are slamming Amazon as the retailer"s burgeoning transportation arm offshores technical support to India and Europe

Amazon Some truck drivers who move loads for Amazon said the company's technical-support hotline often connects them to support staff abroad. The cost-cutting move can result in communication challenges for drivers on the road, some truckers said. Am.....»»

Category: topSource: businessinsiderFeb 22nd, 2020

California trucking company cuts 52 jobs in Portland

A California transportation company is laying off 52 workers in Portland as part of a mass staff reduction affecting more than 900 workers in four states. Transportation Brokerage Specialists Inc. filed notice with Oregon employment officials Friday t.....»»

Category: topSource: bizjournalsFeb 19th, 2020

Walmart employees say they’re preparing for job cuts as retailer rolls out its ‘Great Workplace’ program

The retail giant is rethinking roles at 1,100 U.S. stores. “Terminations are part of the plan,” workers’ rights groups say......»»

Category: topSource: washpostFeb 19th, 2020

Air France faces new strikes over domestic network cuts

Air France unions have called for strikes at its domestic carrier Hop as pilots seek improved pay and conditions and ground staff press for job guarantees, union officials said......»»

Category: topSource: reutersFeb 19th, 2020

Walmart employees brace for job cuts as retailer rolls out ‘Great Workplace’ program

The company is rethinking roles at 1,100 U.S. stores. “Terminations are part of the plan,” workers’ rights groups say......»»

Category: topSource: washpostFeb 18th, 2020

Wayfair job cuts seem "overdue and necessary", says Piper Sandler

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallFeb 14th, 2020

Furniture retailer Wayfair is slashing hundreds of jobs

Wayfair is cutting about 3% of its workforce, or roughly 500 jobs, a spokesperson confirmed to CNBC. The online furniture company has been criticized for the high costs to run its business......»»

Category: topSource: moneycentralFeb 13th, 2020

Wayfair lays off 3% of its staff as it streamlines operations amid struggles to make a profit

Wayfair, the online furniture and home goods company, is.....»»

Category: topSource: usatodayFeb 13th, 2020

Wayfair stock sinks 8% after 550 job cuts announced

Wayfair Inc. stock sank 8.5% in .....»»

Category: topSource: marketwatchFeb 13th, 2020

Chuck Royce"s Firm Exits Stage on Stage Stores

Guru cuts holding in off-price retailer by 99.16%Check out Chuck Royce Stock Picks » Download GuruFolio Report of Chuck Royce (Updated on 02/10/2020)Related Stocks: SSI, CONN, FIVE, BBBY, MIK, BID,.....»»

Category: blogSource: gurufocusFeb 11th, 2020

Rising High: Tilray cuts 10% of staff as MedMen, WeedMD transition CEOs

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallFeb 6th, 2020

BJ"s Wholesale downgraded as merchandise cuts put same-store sales at risk

BJ's Wholesale Club Holdings Inc. was downgraded to neutral from buy at Bank of America on concern that the retailer's effort to streamline merchandise by cutting the number of items in some categories could disrupt same-store sale.....»»

Category: topSource: marketwatchJan 23rd, 2020

Express eliminating jobs in Ohio and New York City

Express Inc. is cutting staff in Columbus, Ohio and New York. The Columbus-based retailer Wednesday said it will be eliminating 10% of the positions at both its corporate headquarters here and its design studio in New York. It also is reorganizin.....»»

Category: topSource: bizjournalsJan 16th, 2020

Express eliminating jobs in Columbus and New York

Express Inc. is cutting staff in Columbus and New York. The Columbus-based retailer Wednesday said it will be eliminating 10% of the positions at both its corporate headquarters here and its design studio in New York. It also is reorganizing its fi.....»»

Category: topSource: bizjournalsJan 16th, 2020