WeWork is the poster child for this example of obscene amounts of money being raised then recklessly spent on questionable acquisitions, along with accusations of mismanagement and self-dealings on the part of executive management. While Wayfair is far from this extreme, the company reported afor the first three quarters of last year. The company has not earned a profit since it went public in 2014.
Neil Saunders, the managing director of a retail consulting firm, maintained that the news of the layoffs is not. He said, “The company has prioritized growth for the past few years and has been successful in boosting revenue. However, this has never been translated into profit, and Wayfair has chalked up huge losses over an extended period of time. This dynamic could not go on indefinitely.
Another challenge faced by Wayfair is that it may have misjudged the market. Positioning itself as an online home furnishings company, as opposed to having hundreds of brick-and-mortar stores, would spare the company the fate befalling a number of marquee retailers. , which has severely hurt the fortunes of once-prominent retailers, such as Macy’s, Barney’s, Kohl’s, Sears and others.
That company itself so bad, they deliver bad product and don't take return
That's what happens when they endorse socialism.
WayUnfair... Wayfair gave its employees a sour Valentine’s Day present—hundreds of layoffs
Wanna make 💰 5⃣0⃣0⃣0⃣ real quick ❓no catches