image of Conine and Shah smiling at stock exchange
Steve Conine (left) and Niraj Shah (right).
  • Wayfair's leaders say several recent rounds of layoffs have made the company better and better. 
  • In January, the home goods company laid off 13% of its workforce, affecting 1,650 employees. 
  • The leaders say the smaller staff has helped the company get more done faster — and cheaper. 

Laying off workers over and over is working out great for Wayfair, according to the company's leaders.

On Thursday, Wayfair CEO Niraj Shah wrote in a letter to shareholders — co-signed by co-founder and co-chairman Steve Conine — that several rounds of layoffs over the last year-and-a-half have helped the company become leaner and meaner.