Wayfair Freezes Hiring for 90 Days Citing Economic Uncertainty
- E-commerce platform was a pandemic winner, but shares slumped
- Inflation makes consumers more wary of where expenses go
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E-commerce marketplace Wayfair Inc. said it’s freezing corporate hiring for 90 days, the latest pandemic winner to pause its plans for growth as businesses fret over a slowing economy.
Wayfair is in a “strong position,” a spokesperson said in response to a question about hiring. But the company sees “a great deal of uncertainty in the overall economy.” The Boston-based company has almost 17,000 full-time employees, according to regulatory filings.