News Summary

• I believe that most of us, being ambitious individuals, find fulfillment in the joy of seeing our efforts materialize into tangible results,” CEO Niraj Shah said in a note to employees earlier this month celebrating the company’s recent success, and which a company spokesperson confirmed to CNN..
• “Would you spend money on that, would you spend that much money for that thing, does that price seem reasonable, and lastly — have you negotiated the price?” he said in an email to Wayfair employees earlier this month..
• There is not a lot of history of laziness being rewarded with success.” Empty office buildings may meet the same fate as zombie shopping malls Shah also encouraged Wayfair employees to think of the company money they spend as their own and negotiate prices..
• Wayfair’s CEO has an end-of-year message for employees of the online furniture company: Don’t shy away from doing more work and blending your work with your life..
• But the company struggled beginning in 2022 as people returned to shopping in person and shifted their spending from physical goods to experiences..
• But Shah told employees in his email that the company is back to being profitable..