Other retail companies are giving out troubling commentary about the state of the industry, pulling down Wayfair's shares.
What happened Shares of Wayfair (NYSE: W), Macy's (NYSE: M), and Nordstrom (NYSE: JWN) fell hard on Wednesday, down 12.5%, 11.8%, and 9.6%, respectively, as of 2:17 p.m. ET. There wasn't any material news out of these retailers today.
The job market in the tech industry is starting to show some cracks.