This Wayfair Analyst Cuts Forecast After Workforce Reduction Announcement
1. Wayfair to cut workforce after technology replatforming announcement. 2. Analyst maintains Overweight rating, lowering price target from $63 to $50. 3. One-time costs estimated at $33-$38 million for severance expenses. 4. Potential cost savings expected by 2H25 to early 2026. 5. Shares declined 3.46% to $33.80 following the announcement.