Yes. Your followers and the people you follow both show on your profile, as counts and as lists you can open. To unfollow, find the person and choose Following to switch it back to Follow.
See who follows you
Open your profile at your
/@handle.Open the followers list to see who follows you, or following to see who you follow.
Each row shows an avatar, a name, and an
@handle, with a Follow button beside it.
These lists sit on every account's profile, not only yours. So other people can see who follows you, and you can see who follows them.
Unfollow someone
Open their profile, or find them in your following list. The button reads Following because you already follow them. Choose it and it flips back to Follow, and their wishes drop out of your feed.
Nothing is sent to the other person. Unfollowing is quiet.
Good to know
You can't remove a follower or stop someone from following you, and there's no switch to make your whole profile private. What you can control is which wishes are visible. Set those wishlists to Invite only or Anyone with the link and they won't show on your profile at all. See "What is my public Wishpicks profile, and how do I set or change my profile link?".
You have to be signed in to follow anyone or to open your following feed. Guests can't do either.
And if you tap unfollow on someone you weren't following, nothing breaks. It just stays that way.