this post was submitted on 22 Dec 2023
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Antiwork

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Wayfair CEO: Employees need to work longer hours | CNN Business (www.cnn.com)
submitted 11 months ago by DeadNinja@lemmy.world to c/antiwork@lemmy.ml
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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. 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.”

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[–] autotldr@lemmings.world 3 points 11 months ago

This is the best summary I could come up with:

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.

Shah also encouraged Wayfair employees to think of the company money they spend as their own and negotiate prices.

But the company struggled beginning in 2022 as people returned to shopping in person and shifted their spending from physical goods to experiences.

But Shah told employees in his email that the company is back to being profitable.

“Let’s be aggressive, pragmatic, frugal, agile, customer oriented, and smart.”

Nicholas Bloom, a professor of economics, told CNN’s Richard Quest in an interview Thursday that “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.”

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