By Jordan Valinsky, CNN New York (CNN) — Wayfair is laying off 1,650 employees, amounting to 13% of its global workforce, as the online home goods retailer struggled to rebound following its success amid pandemic lockdowns. CEO Niraj Shah, who recently went viral for telling his employees to work harder, said in an open letter posted Friday that Wayfair “went overboard in hiring during a strong economic period,” referencing 2020 when online shopping spiked, sparking a “dramatic surge” in demand that doubled Wayfair’s sales to $18 billion. A few years later, its fortunes have changed, with Shah writing that mid-2022 “was clear we were in a bust period” and Wayfair implementing rounds o
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