Published by Global Banking & Finance Review®
Posted on January 10, 2025
1 min readLast updated: January 27, 2026
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Wayfair plans to lay off 730 employees as it exits Germany, focusing on core business investments. The company expects restructuring charges up to $111 million.
(Reuters) - 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.
Shares of the U.S.-based company were up about 4% in premarket trading.
The company has been grappling with slower traffic and weaker demand from cost-conscious consumers who have been putting off higher-margin purchases.
Following the restructuring in Germany, Wayfair expects to take charges of about $102 million to $111 million consisting of employee-related costs as well as non-cash charges related to facility closures and other wind-down activities.
These charges are expected to be incurred across the fourth quarter of 2024 and the first quarter of 2025, the company added.
Wayfair had about 14,400 employees globally, as of Dec. 31, 2023.
Analysts have noted that Wayfair could see challenges from the implementation of President-elect Donald Trump's import tariffs given the company's high exposure to imports and price-sensitive mass market customer base.
(Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Maju Samuel)
The main topic is Wayfair's decision to exit the German market, resulting in 730 layoffs.
Wayfair expects restructuring charges between $102 million to $111 million.
Wayfair's shares increased by about 4% in premarket trading.
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