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:

To position the organization to take advantage of the opportunity ahead, we continually evaluate the needs of the business and work to increase efficiencies while aligning our teams with the initiatives that drive the greatest impact for our customers. As part of that process, we have made some organizational changes that affect approximately three percent of our global workforce. We are continuing to hire for the many roles needed to drive our long-term success and the continued growth of the business. We remain as confident as ever in Wayfair's future and our steadfast focus on delighting our customers with the best experience for home.

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.

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