Wayfair
Indian-American CEO of Wayfair tells employees to work for long hours
Indian-American CEO of a US-based online furniture company has sent a special message to its employees after the firm yielded profitable results.
Wayfair CEO Niraj Shah not only asks his employees to do more work but also blend 'work with life.'
“Winning requires hard work. I believe that most of us, being ambitious individuals, find fulfillment in the joy of seeing our efforts materialize into tangible results,” CEO Niraj Shah said in a note to employees earlier this month celebrating the company’s recent success, and which a company spokesperson confirmed to CNN.
“Working long hours, being responsive, blending work and life, is not anything to shy away from. There is not a lot of history of laziness being rewarded with success," Shah said.
As per a recent filing, the company has around 15,000 employees till December 2022.
The company's profitability milestone came after the home-furnishing company engaged in cost-cutting measures, including layoffs, following recent losses after first turning a profit in early 2020, reported Business Insider.
During its most recent company earnings, posted November 1, Wayfair reported a loss of $163 million in the third quarter, which had significantly narrowed year-over-year from a $283 million loss in Q3 2022, the news portal reported.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
