Wayfair lays off 350 in Boston. What if just what I need is a job???

[Dennis Donovan]

Link to tweet

The Boston Globe ✔@BostonGlobe

#BREAKING: Wayfair lays off 550 employees, including 350 in Boston

http://bos.gl/lvyVQxa
Layoffs underway at Wayfair - The Boston Globe
After several years of breakneck growth, Wayfair may be hitting the brakes.

11:05 AM - Feb 13, 2020

Link to tweet

The Fort Pointer @FortPointer

A culture off the rails.

Wayfair founders worth $2.14 billion laid off 350 employees in Boston, after receiving a $31M tax break from the Commonwealth in 2018.

$2.14 billion is $2,140 million dollars.

That's enough to pay 42,100 people $50,000 each.

The Fort Pointer @FortPointer

2018: "At Wayfair's currently market valuation of $6 billion, that means each founder is worth about $1.07 billion."

But company founders (one a CEO) sought a $31 million tax break from the Commonwealth in 2018.

And they couldn't find funds to keep 350 employees at work today.

11:41 AM - Feb 13, 2020

[Iliyah]

1. Companies are laying off in record number . . .

Yet, the economy is booming per WH . . .

hmmmmmmmmmmmmmmmmm

[SWBTATTReg]

2. Maybe the city of Boston needs to claw back the money they gave to Wayfair?

[Dennis Donovan]

3. +1

[Marie Marie]

4. Why pay the salaries for two people when you can just make one employee work twice as hard?

That way, the CEO's get more. Too many corporations just suck.