Wayfair Inc. announced a restructuring of its Technology division, which includes a reduction of approximately 340 employees. The company also plans to close its Technology Development Center located in Austin, Texas.
This strategic realignment is part of an effort to simplify operations and optimize the Technology team following recent modernization and platform upgrades. The company aims to enhance efficiency and focus resources on key technological initiatives.
Wayfair projects that this restructuring will incur costs ranging from $33 million to $38 million, primarily for severance, benefits, and other employee-related expenses. These actions are expected to yield savings in the second half of 2025, contributing to the company's overall cost discipline.
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