Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail
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Wayfair is exiting the German market and plans to cut 730 jobs, which is 3% of its global workforce. The company aims to focus on physical retail for better returns.
January 10, 2025 | 12:15 pm
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Wayfair is exiting Germany and cutting 730 jobs to focus on physical retail, aiming for better returns on investment.
Wayfair's decision to exit Germany and cut jobs indicates a strategic shift towards physical retail, which could improve profitability. This move is likely to be viewed positively by investors as it suggests a focus on more lucrative markets.
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