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Wayfair lays off 13% of its workforce weeks after telling employees to work harder (www.cnn.com)

submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Wayfair lays off 13% of its workforce weeks after telling employees to work harder::Wayfair is laying off 1,650 employees, amounting to 13% of its global workforce, as the online home goods retailer struggled to rebound following its success amid pandemic lockdowns.

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[–] Burn_The_Right@lemmy.world 6 points 10 months ago (1 children)

Co-ops are a big part of the global economy: they employ 10% of the world’s workforce and over two trillion dollars flow through their doors every year. At a co-op, there’s no single person with overarching, top-down power over everyone else, like a CEO at a traditional company.

I'd also like to point out, having spent years working with C-suite guys... They are lazy as fuck and they don't do jack shit that a decent manager couldn't do as well or better. For example, the manager would at least know how to not fuck up morale.

[–] sunbeam60@lemmy.one -5 points 10 months ago

I am all for coops. What makes you think I am not. But many coops have a C-suite too - John Lewis and Coop Retail in the U.K. are big examples.