Wayfair to exit Germany, cut 730 jobs

Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail
Wayfair, an early e-commerce disruptor, wants to focus more on physical retail and has decided to exit the German market and cut 730 jobs as a result.
Online furniture retailer Wayfair to lay off 730 workers on its exit from Germany
Online furniture retailer Wayfair said on Friday it would lay off 730 employees as it exits the German market to focus on investments in core businesses.
Wayfair pulling out of Germany, cutting hundreds more jobs
The cuts follow thousands of jobs eliminated across the online furniture seller worldwide over the past two years.
Wayfair to exit Germany, affecting 730 jobs
The retailer plans to reinvest the savings from the move into expanding its physical footprint, growing its loyalty program and other initiatives.
Wayfair Closes German Business to Focus on Other International Markets
Wayfair is exiting Germany, where it has operated for 15 years, after failing to turn the company “into a household brand” in the market.
Wayfair to leave German market, cut 730 jobs
The company said, “As we begin the new year, I want to share an update regarding our business. After careful consideration, we made the
Wayfair Is Exiting Germany, Cutting 730 Jobs. The Stock Falls.
Wayfair stock fell Friday morning after the online furniture seller said it was shutting down its business in Germany and cutting a little over 700 jobs in a bid to focus on more profitable growth areas.
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