Good morning and welcome back from your weekend.
Yet another technology company, online home furnishings business Wayfair Inc., has announced job cuts. This story stood out to me because of the reason behind the cuts: Expansion during the e-commerce boom during the height of the Covid-19 pandemic, then disappointment as demand for online shopping receded this year.
I've often heard, as an explanation for the tech sector pullback, that abundant capital from the stock market and venture capitalists…
