“There is not a lot of history of laziness being rewarded with success.”
Niraj Shah wants his roughly 15,000 employees to blend work and life, stay responsive and negotiate every purchase like it is their own money. Wayfair cut 5% of its workforce in 2022 and is now back to profitable. No spokesperson was available to answer CNN’s questions about pay. Economist Nicholas Bloom says 80-hour weeks need 50% raises. Shah’s memo asks for the hours and mentions no raise.