Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail
1. Wayfair is closing its German operations due to low revenue impact. 2. The company plans layoffs affecting 3% of its workforce to reallocate resources. 3. Wayfair sees better growth potential in U.S., UK, and Canada physical retail. 4. Sales declined 2% to $2.9 billion in the last quarter. 5. Wayfair hasn't made a net profit since 2020, impacting long-term growth.