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Wayfair Inc. is an American e-commerce company based in Boston, Massachusetts [6] that sells furniture and home goods online. Formerly known as CSN Stores, it was founded in 2002, and currently offers 14 million items from more than 11,000 global suppliers. [ 3 ]
Shah co-founded Wayfair in 2002 with his Cornell classmate, Steve Conine, [2] and has been its CEO since its inception. [1] [4] Shah was included in the Fortune list of "40 under 40" for 2013. [5] Shah was a director of the Federal Reserve Bank of Boston from 2017 to 2019. [2] [6]
Conine co-founded Wayfair in 2002, and is the co-chairman of the board. [5] In May 2017, Wayfair's share price rose above $70 per share, making Conine and his co-founder Niraj Shah both billionaires. As of 2019, each had an estimated net worth of $2.3 billion. [6]
Wayfair’s CEO has an end-of-year message for employees of the online furniture company: Don’t shy away from doing more work and blending your work with your life. “Winning requires hard work.
In last year's cuts, it eliminated 1,750 jobs, or about 10% of its workforce. The company had a global workforce of about 17,505 employees as of the end of 2022, according to a 2023 proxy statement.
Wayfair employs approximately 15,000 employees as of December 2022. The company saw a significant uptick in business during the pandemic when many found themselves suddenly working remotely and in ...