> "As a result, we're reducing team sizes across the organization, as well as reducing seniority in certain roles that we plan to rebuild with modified leveling over the course of this year,"<p>> "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."<p>I can't imagine a single worse strategy as a leader than to choose 'reduce pay' and 'imply laziness'. Did this guy get his management degree from the Roman empire? Just fire people and say you over-hired, holy cow.<p>I'm not part of the "talented executives shouldn't get paid a lot" crowd, but the important part is the <i>talented</i> bit.
'...blending work and life, is not anything to shy away from'<p>Maybe not if you're at the executive level, where what counts as work is much different than the rest of a company. But it's generally hard to fuse say, time spent fixing bugs at a desk alone, with the rest of life.
> In the memo, Shah said employees should be prepared to work longer hours and not be afraid to let work impinge on their personal lives.<p>I wonder what executives should prepare for. Presumably continuing to contribute nothing of discernible value. Probably what comes when you treat humans like fungible work units to their face without even the pretense of viewing them as human.
I was head-hunted a while back from Wayfair, and I felt that it was too good to be true: 1. high pay for remote work, 2. small teams, and 3. working on interesting tech (I think it was an AI furniture preview, like Amazon has). I ultimately decided against Wayfair because I had the feeling that helping a company sell predominately low-quality Chinese furniture to unassuming Americans would further enlarge the void in my soul, and I would be working far too much. Perhaps for a year or two, it would have been a dream come true, if I didn't want to have a life outside of work...
I went to look up the CEO's compensation package in order to post a low-effort snarky HN comment but instead found[1][2] very weird compensation data for Wayfair execs. The co-founders (including the CEO) make comparatively modest money, while the generic CxO suits make huge gobs of it (mostly equity). Is this usual?<p>I'd still trade places with the CEO any day, though, of course.<p>1: <a href="https://www1.salary.com/WAYFAIR-INC-Executive-Salaries.html" rel="nofollow">https://www1.salary.com/WAYFAIR-INC-Executive-Salaries.html</a><p>2: <a href="https://www.sec.gov/Archives/edgar/data/1616707/000104746915003380/a2224135zdef14a.htm#dm46301_executive_compensation_discussion_and_analysis" rel="nofollow">https://www.sec.gov/Archives/edgar/data/1616707/000104746915...</a>
Was recently furniture shopping, and of course browsed multiple places including Wayfair.<p>Wasn't long before I saw an identical sofa to one I just saw elsewhere. Hey wait a minute! A reverse Google image search on most sofas showed up in multiple places with multiple brand names. And Wayfair was rarely the cheapest.<p>I have no idea if they offer anything useful, but in my short stint it seemed to be a marketplace for marked up white labeled...junk.
This type of remark is embarrassing. If it’s meant to inspire employees it’s tone deaf, and if it’s meant to soothe shareholders it’s too little too late.<p>Wayfair was only profitable during the pandemic. Rank-and-file employees working more hours won’t fix the business model.
Anyone still working there needs to start looking for new jobs ASAP. Once you start hearing talk of "free cash flow" find the exits, trust me.
so he's asking for people to do more hours, for the same money.
this is a wage reduction.<p>how dare those slaves ask for money for work. they should just be thrown enough food to reproduce and their offsprint to survive, so as soon they die, their kids can start working in their place.<p>the 19th. things have never been better for rat race slaves heh.