Wayfair’s stock leaps as job cuts allows for more work to get done, and faster

Shares of Wayfair Inc. soared Thursday, after the online home-furnishings retailer reported a narrower-than-expected fourth-quarter loss and said it returned to positive active customer growth after two years of declines. The quarterly results come about a month after the company said it was laying off about 1,650 employees, the third announcement of job cuts in the past 18 months.In a letter to shareholders on Thursday, co-Founder and Chief Executive Niraj Shah said that when job cuts were firs