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Wayfair CEO’s holiday message to employees: Work harder

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Wayfair’s chief executive sent a bracing year-end message to the furniture chain’s more than 14,000 employees: Work more.

He emphasized that the company is “back to winning” as its market share grows and the company earns profits. In light of this success, CEO Niraj Shah encouraged employees to work such long hours that “work and life” become one, according to an internal memo first obtained by Business Insider

“Working long hours, being responsive, blending work and life, is not anything to shy away from,” Shah wrote, according to the report. “There is not a lot of history of laziness being rewarded with success.”

A Wayfair spokesperson confirmed the authenticity of the memo.

“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,” Wayfair said in a statement to CBS MoneyWatch.

Wayfair saw a pandemic-era boost in online sales, but its revenue slowed in 2022 when shoppers returned to physical stores and shifted their spending to other products and services. Last year, the company shed 5% of its workforce. It has since returned to profitability, with Shah noting that repeat customers increased over the course of 2023.

Shah added that he wants employees to spend company money as if it were their own and to always negotiate lower costs when possible. 

Would you spend money on that, would you spend that much money for that thing, does that price seem reasonable, and lastly — have you negotiated the price? Everything is negotiable and so if you haven’t then you should start there,” he wrote. 

Some critics took issue with Shah’s message. 

“Hey CEOS: When people don’t want to work long hours, it doesn’t mean they’re lazy. It means they have lives beyond work,” Adam Grant, a professor of organizational psychology at the Wharton School of the University of Pennsylvania, wrote on Instagram.

“A team delivering 40 hours of excellence is wroth more than one offering 50 of mediocrity,” he added.



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CBS News rides along with Texas sergeant at U.S.-Mexico border

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CBS News rides along with Texas sergeant at U.S.-Mexico border – CBS News


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President-elect Donald Trump says he will remove millions of immigrants living unlawfully in the U.S. through his mass deportation plan once he takes office in January. CBS News immigration and politics reporter Camilo Montoya-Galvez rode along Wednesday in El Paso with a sergeant for the Texas Department of Public Safety to discuss border policy.

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Canada’s Trudeau faces calls to resign amid Trump tariff threat

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Canada’s Trudeau faces calls to resign amid Trump tariff threat – CBS News


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President-elect Donald Trump’s proposed tariffs on Canada haven’t even gone into effect and they’ve already plunged Prime Minister Justin Trudeau’s government into turmoil. On Monday, Trudeau’s finance minister and deputy prime minister resigned, sharing a sharply critical assessment of her old boss in a public letter. Mercedes Stephenson, Ottawa bureau chief for Canada’s Global News, joins “America Decides” to discuss Trudeau’s future.

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Supreme Court to decide on TikTok’s future in the U.S.

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Supreme Court to decide on TikTok’s future in the U.S. – CBS News


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The Supreme Court plans to hear arguments in January on a challenge to a new law that could lead to the popular social media app TikTok being banned in the U.S. The Biden administration and lawmakers say the Chinese government’s ability to collect data from TikTok poses a significant national security risk, while the app and its Chinese parent company ByteDance argue that the law is unconstitutional. CBS News Supreme Court producer Catherine Cole has more.

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