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Wayfair Exits German Market, Cuts 730 Jobs to Focus on Physical Retail
Wayfair announced it is exiting the German market and cutting approximately 730 jobs (3% of its global workforce), costing $102 million to $111 million, to focus on higher-return initiatives like physical retail, after 15 years of operation in Germany, where it makes up a low single-digit percentage...
Wayfair Exits German Market, Cuts 730 Jobs to Focus on Physical Retail
Wayfair announced it is exiting the German market and cutting approximately 730 jobs (3% of its global workforce), costing $102 million to $111 million, to focus on higher-return initiatives like physical retail, after 15 years of operation in Germany, where it makes up a low single-digit percentage...
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