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- Wayfair is cutting 1,650 jobs, or 13% of its workforce, it said Friday.
- Almost 1 in 5 corporate staff are being laid off and the company is reviewing levels of management.
- Last month CEO Niraj Shah said Wayfair was profitable again but said staff should consider working long hours.
Wayfair said Friday it's cutting 1,650 jobs, with many corporate staff in the firing line.
The online furniture and homeware retailer is laying off about 13% of its workforce, including almost a fifth of its corporate team.