Is Wayfair in Trouble? — Market Mad House

Wayfair Inc. (NYSE: W) one of the few online retail success stories outside of Amazon (NASDAQ: AMZN) could be in trouble.

In fact, Wayfair laid-off 550 employees or 3% of its workforce on 13 February 2020, USA Today reports. The layoffs are part of Wayfair’s attempt to cut costs by streamlining its operations.

It is easy to see why Wayfair is laying off people. Wayfair reported a -$305.42 million quarterly operating loss on 31 December 2019. Wayfair’s operating loss rose during each quarter in 2019. For instance, Wayfair reported a…