Wayfair is laying off more than 500 workers

• Wayfair confirmed to Business Insider on Thursday that it is laying off 3% of its global workforce, which works out to be more than 500 employees.
• In a statement emailed to Business Insider, a company spokesperson said that 350 jobs will be impacted in its Boston headquarters.
• Visit Business Insider's homepage for more stories.

Wayfair confirmed Thursday that it is laying off 3% of its global workforce, which works out to be more than 500 employees.

In a statement emailed to Business Insider, a company spokesperson said that 350 jobs will be impacted in its Boston headquarters.

A group of employees in its Berlin office were also laid off on Tuesday, according to a report from The Boston Globe.

In a statement shared with Business Insider, a spokesperson commented on the restructuring, saying:

The company has more than 17,000 workers worldwide.

In an email to Business Insider, a Wayfair engineer who wished to remain anonymous in order to speak frankly but whose identity was verified by Business Insider, said that the layoffs are being described by workers as the "Valentine's Day massacre."

This story is developing. Check back for updates.