YOUR BUSINESS AUTHORITY
Springfield, MO
Boston-based online furniture and home goods seller Wayfair is cutting 550 employees worldwide.
“We find ourselves at a place where we are, from an execution standpoint, investing in too many disparate areas, with an uneven quality and speed of execution,” CEO Niraj Shah said. “Through two years of aggressive expansion, we no doubt built some excess, inefficiency and even waste at times, in almost every area.”
The cuts affect 3% of the comapny's 17,000 workers.
Read more from The Boston Globe.
A franchise store of a Branson West-based quilting business made its Queen City debut; Grateful Vase launched in Lebanon; and Branson entertainment venue The Social Birdy had its grand opening.
$2M in tax credits awarded to SWMO nonprofits
Baldwin, Lathan to chair United Way campaign
Produce recall impacts food sold at Walmart, Aldi and Kroger
Mixed-used development proposed in KC area
Tax deduction program for farmers set to launch
Report: Panera explores sale of Caribou Coffee, Einstein Bros Bagels