Wayfair shares tumble most since October as company cuts over 500 jobs in bid to stop losing money

Shares tumbled as much as 10.36% Thursday, the biggest intra-day move since October. Wayfair plans to lay off 3% of its global workforce, including 350 employed at its headquarters in Boston.Wayfair has never turned a profit, though the company has a strong record in sales growth.

On earnings day in October, 12.4 million shares traded, versus around 4.6 million by mid-afternoon Thursday. On a typical day, 1.94 million Wayfair shares trade.

So they (wayfair) doesn't have just what I need?

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Google Health, the company's newest product area, has ballooned to more than 500 employeesGoogle Health now has 500 to 1,000 employees, and it's the newest product area at the company since hardware.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »