Overview

• Wayfair is closing its operations in Germany after 15 years, citing high costs and weak economic conditions for its business category in the region.
• The decision will result in 730 global job cuts, representing about 3% of the company's workforce, with roles affected across corporate, customer service, and warehouse teams.
• Roughly half of the impacted employees are being offered relocation opportunities to other Wayfair offices, including in London and Boston.
• The move is part of a broader restructuring plan aimed at focusing on higher-return markets like the U.S., Canada, and the U.K., and expanding its physical retail presence.
• Wayfair's restructuring is expected to cost up to $111 million, covering severance, relocation, and facility closure costs, but the company sees it as a necessary step to strengthen long-term growth initiatives.