Online furniture company Wayfair is set to cut 1,750 jobs - around 10% of its global workforce - as part of its $1.4billion (£1.1billion) cost-saving drive.
The job cuts include reducing its corporate employees by 18% - around 1,200 jobs - as it looks to scale down operating costs.
In a message to its staff shared on Friday, Wayfair CEO and Co-Founder Niraj Shah said it was "difficult news" to share but the decision had been made as it worked on "reshaping" the business for the future.
