online furniture retailer wayfair is preparing to lay off more than 1000 workers the wall street journal reported thursday becoming the latest business in the ecommerce industry to cut staff amid recession worries and a dropoff in demand for online goods shares of wayfair w rose slightly after hours on thursday wayfair did not immediately respond to a request for comment the journal said the layoffs were expected to hit more than 5 of wayfair’s employees the move would come after amazoncom inc amzn this month said it planned to lay off 18000 workers last year wayfair said it planned to lay off around 870 people through 2020 and 2021 many consumers bingebought electronics furniture and other things typically sold online while stuck at home due to the pandemic wayfair’s sales jumped to 141 billion 2020 but eased from those levels a year later and as inflation in 2022 forced them to prioritize everyday needs retailers found their warehouses cluttered with many of those exact items forcing them to cut prices wayfair stock has tumbled 75 over the past 12 months by comparison the sp 500 index spx has fallen 14 over that period