1y ago

Wayfair CEO: Employees need to work longer hours | CNN Business

www.cnn.com Wayfair CEO: Employees need to work longer hours | CNN Business

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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1y ago

Wayfair CEO: Employees need to work longer hours

www.cnn.com /2023/12/21/business/wayfair-ceo-workers-hours/index.html

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33 comments

Big words for someone whose business model is overcharging to drop ship cheap, Chinese garbage.
- He’s also not very good at it. They losst nearly 400 million dollars in 2022. And laid off 900 workers.
  Such is his genius, he now blames this on Susan in Accounts. not working weekends.
  Every CEO is a worm.
- I feel like the whole furniture industry is just a crap shoot. Even the very expensive Laziboy I bought is just MFP with cardboard in the center console.
  They literally don't make them like they used to.
- I've never seen the appeal of ordering furniture online that I have never seen in person. Light fixtures, rugs, ceiling fans etc sure I can see that. But a bed? A couch? Just don't get it.

"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"
Right, you assmunch. Our work never materializes into shit. It barely manifests into a "rent payment" and "phone payment" and "auto insurance" every month. Notice how it doesn't materialise into "savings" or "future house payment" Asking why people don't have money is a poor look when you're the fuck what paying them.

"I wish to extract more productivity from you without paying you more."

CEO looks around at all these workers unionizing and thinks this is the message to send out. Way to have your finger on the pulse, dipshit. The board should remove him immediately

It honestly is amazing how tone dead these corporations are. Constantly talking about record years and pushing to maximize EOY numbers while simultaneously giving less-than-inflation raises.
I know I’m preaching to the choir, but next time you feel stressed by work just remember the company will still be there tomorrow. None of it actually matters. Just keep your head down and do the minimum viable work needed to keep the job.
- I don’t think they are tone deaf. I think they are gaslighting people for their own benefit. Rich people didn’t get there being honest.
  They don’t give a fuck about you. They just want to maximize their profits so they can buy that new yacht.

Bitch, I don't give a shit about "winning". I will show up for my shift, I'll give 100% while I'm there, but at 5:00 PM sharp, I'm out the door.
Life's too short to spend it slaving away for some rich fucker.
- You're better than me. I'll show up for my shift, give like...50% and then leave.
  edit: But never at a detriment to my team. I'll give 150% to support my team. But otherwise, which is typical, we all just give 50%ish.

Pay me with the same income as this CEO then I will consider the reward of my hard work materializing as a Wayfair employee. On second thought, I care more about my mental well-being so you know, fuck off.

I believe that most of us, being ambitious individuals, find fulfillment in the joy of seeing our efforts materialize into tangible results,
A man after my own heart...that's why we should eat his rich one.
- I mean, he's just asking to be eaten at this point.

Winning requires hard work? Since when? The only ones who get rewarded when employees work hard are the executives. Remember people, minimum wage=minimum effort, don't do more than the bare minimum for your job, because doing more will only fuck you over

i have no idea what this company is, but their name has such big Succession energy that the headline reads like satire
- Think Ikea without the quality or the showroom.
  
  Not true really. Wayfair is just a drop shipping company, in a similar vein as Amazon. Except with actual customer service. You can search specifically for solid wood furniture, so you don't end up with cheap MDF toy furniture, their reviews are accurate and not gamed, and their search has robust filtering so you can drill down and find exactly what you want. I buy a lot of shit from Wayfair that is definitely better quality than Ikea.
  That doesn't mean their CEO isn't a labor abusing bag of dicks. I still think they should unionize.
  
  Or breakroom, by the sound of it.

He can fuck off

I see so many negative comments here. Have some compassion. How is he going to afford to pay for his 2nd yacht if his workers are not doing overtime?

“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,”
Bitch, I find fulfilment in paying my fucking bills. I could give 2 shits less about the "tangible results" of my work that makes my company money, I only care that my boss is happy with my work and I get paid. Working harder to get another 10% out the door gets me 0% more money, so why do I care about making you more money with no benefit to me?
All that is ln't to say I don't care about the quality of my work, I'm just not going to break my back to make my boss another dollar while I get jack shit out of my extra effort. I get paid for 40hrs, I work 40hrs, and I'm surely not going above and beyond to earn a pizza party or something...

"Winning requires hard work.
Hey asshole, only losers view the world as win or lose.

Only if YOU work twice as long as WE do. (productively)

I have a better idea, how about you fuck off?

"No."

The Unites States of Wayfair. I swear, I can look at any home in the US and can point out wayfairs product line. This country is built with such poor quality its nuts.

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.”
The original article contains 369 words, the summary contains 159 words. Saved 57%. I'm a bot and I'm open source!

I'd love to see him try do my job for even two hours 🙄
- What's your job?
  
  I load, operate, and unload a welding press for steel car parts. It's not complicated, but it's physically demanding when running fast enough to hit my production targets (put on a lot of muscle doing this job tbh). I chose two hours because that's the amount of time between breaks.
  I'd love to watch a CEO put themselves in the hospital doing my job 😈

Winning actually doesn't require hard work because my goal is to steal as much money/time as I can from my employer until I retire.

33 comments