Wayfair’s technology investments are allowing it to cut hundreds of tech jobs - MarketWatch
1. Wayfair cut 340 jobs, 12% of its tech workforce. 2. Company expects short-term cost increases but savings by H2 2025. 3. Stock rose 3.4% in premarket, after recent significant drops. 4. 14 consecutive quarters of net losses reported, widening in Q4. 5. Shift towards AI and cloud technology highlighted in strategy update.