Current:Home > MarketsWayfair CEO Niraj Shah tells employees to 'work longer hours' in year-end email -Infinite Edge Learning
Wayfair CEO Niraj Shah tells employees to 'work longer hours' in year-end email
View
Date:2025-04-14 21:09:12
Christmas cheer? Bah, humbug. Wayfair CEO Niraj Shah dished out some tough love in a year-end memo to employees of the Boston home goods company.
Employees should be prepared to work longer hours and not be afraid to let work impinge on their personal lives, Shah said in the email note, sent to them last week and first reported on by Business Insider and confirmed as accurate by USA TODAY and other outlets.
"Working long hours, being responsive, blending work and life, is not anything to shy away from," Shah said in the email. "There is not a lot of history of laziness being rewarded with success. Hard work is an essential ingredient in any recipe for success. I embrace this, and the most successful people I know do as well."
He sought to enlighten workers on the accuracy of "Nirajisms," some sayings about workplace culture attributed to the CEO but are either "not true, are old and no longer applicable, or are taken out of context," Shah said.
"The one I would reference here that I heard was 'Niraj said that he does not think that we should work late.' I would suggest that this is laughably false," the CEO wrote. "Hard work is essential for success, and a key part of getting things done. Everyone deserves to have a great personal life – everyone manages that in their own way – ambitious people find ways to blend and balance the two."
Christmas Eve 2023 store hours:Walmart, Target, Home Depot, Best Buy, TJ Maxx all open
Shah kicked off the note by saying Wayfair, which cut 5% of its workforce in 2022, had turned a corner. Last month, the company reported sales of $2.9 billion in the quarter ending Sept. 30, 2023, up 3.7% over the previous year. Its third-quarter net loss of $163 million, is 42% lower than the $283 million net loss in the same quarter in 2022.
"As we work our way through the holiday season it is really encouraging to see that we are back to winning. Winning feels good – and is a great reward for all of our efforts," Shah wrote. "Our market share is growing nicely, our repeat is increasing, our suppliers are leaning in, and we are profitable. This is something to be very proud of."
The note closed with Shah writing, "Together we can win much faster than we are winning now if we all row in this direction together. Let's be aggressive, pragmatic, frugal, agile, customer oriented, and smart. Thanks for being on the team!"
Wayfair CEO's year-end note falls flat for some
As word spread about the note, many online criticized the CEO's tenor. "I'm boycotting and not purchasing anything from this greedy company," posted a user named @Jose on X, formerly known as Twitter. A post from another user, @PortiaMcGonagal, echoed that sentiment: "A company I've purchased from and been satisfied by. My mom too. And now, I won't be buying from anymore."
"Hey @wayfair, I kinda liked you, but, alas, I will shop elsewhere now until such time as you change your (CEO"s) draconian work ethic," posted user debrameadow on the Threads social network.
"Sounds like Wayfair needs a union," posted @dannyoconnor1.
Wayfair responded to the backlash in a statement: “We are incredibly proud of our world-class team and culture of open communication. In his note, which was sent to our salaried corporate employees, Niraj was reinforcing some of the values that have contributed to Wayfair’s success, including questioning the status quo, being cost-efficient and working hard together to drive results.”
Regardless, this strategy could backfire for Shah, Stanford University economics professor Nicholas Bloom told CNN. “If Wayfair wants to run a business where people work 80 hours a week, he’s going to have to put up their salaries by 50% to pay them for it," he said. "I don’t see this as being successful for the typical employee, said Bloom, who suggested workers had ,” Bloom said, pointing out that workers have options amid a strong job market.
Follow Mike Snider on X and Threads: @mikesnider & mikegsnider.
What's everyone talking about? Sign up for our trending newsletter to get the latest news of the day
veryGood! (8)
Related
- This was the average Social Security benefit in 2004, and here's what it is now
- Biden Could Score a Climate Victory in a Single Word: Plastics
- Florida Commits $1 Billion to Climate Resilience. But After Hurricane Ian, Some Question the State’s Development Practices
- Taylor Swift Goes Back to December With Speak Now Song in Summer I Turned Pretty Trailer
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Prince George Enjoys Pizza at Cricket Match With Dad Prince William
- In South Asia, Vehicle Exhaust, Agricultural Burning and In-Home Cooking Produce Some of the Most Toxic Air in the World
- Why it's so hard to mass produce houses in factories
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Amy Schumer Crashes Joy Ride Cast's Press Junket in the Most Epic Way
Ranking
- DoorDash steps up driver ID checks after traffic safety complaints
- House Republicans hope their debt limit bill will get Biden to the negotiating table
- Elizabeth Holmes' prison sentence has been delayed
- Rural grocery stores are dying. Here's how some small towns are trying to save them
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Warming Trends: Laughing About Climate Change, Fighting With Water and Investigating the Health Impacts of Fracking
- Step up Your Fashion With the Top 17 Trending Amazon Styles Right Now
- YouTuber MrBeast Shares Major Fitness Transformation While Trying to Get “Yoked”
Recommendation
Stamford Road collision sends motorcyclist flying; driver arrested
Who Olivia Rodrigo Fans Think Her New Song Vampire Is Really About
Who Olivia Rodrigo Fans Think Her New Song Vampire Is Really About
There's No Crying Over These Secrets About A League of Their Own
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
The dark side of the influencer industry
Inside Clean Energy: Batteries Got Cheaper in 2021. So How Close Are We to EVs That Cost Less than Gasoline Vehicles?
Inside Clean Energy: Electric Vehicles Are Having a Banner Year. Here Are the Numbers