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Wayfair is one of the many tech-based startups that emulate the model of Uber, Lyft, WeWork and ... [+] other unicorns. The business plan for Wayfair, along with other tech-oriented, venture capital-backed companies, is to aggressively pursue growth without worrying about earning profits. (Photo by Suzanne Kreiter/The Boston Globe via Getty Images) Boston Globe via Getty Images. Wayfair, the online furniture retailer attempting to be the Amazon of its space, gave its employees an unpleasant Valentine’s present, as 550 people were laid off . Niraj Shah, the CEO of the Boston-based e-commerce company, informed his 17,000 employees of the layoffs in an email . He wrote, "Since we founded the ... Full story

18 February