Wayfair to lay off 730 employees in Germany, focus on core business, faces challenges

From StockTwits: 2025-01-12 21:16:11

Wayfair plans to lay off 730 employees in Germany and focus on core business, resulting in $102-111 million in charges. The company has faced challenges with slow demand from price-sensitive consumers. Wayfair’s CEO cited weak market conditions and limited scale in Germany as reasons for the move. The company reported earnings per share of $0.22 in the last quarter, beating estimates by 64.8%. Stocktwits data shows the stock is down 4.87% year-to-date. Sentiment on Stockwits has turned ‘bullish’ from ‘neutral’ a week ago, with message volumes in the ‘high’ category.



Read more at StockTwits: Wayfair Plans Germany Exit, Job Cuts: Retail Sentiment Improves