BUZZ-Wayfair up on German market exit; 730 job cuts
ReutersJan 10, 2025 1:01 PM
** Shares of online furniture retailer Wayfair W.N up ~5% at $47.53 premarket
** Co to exit the German market immediately, cutting about 730 jobs
** Expects restructuring charges of about $102 mln to $111 mln, to be incurred across Q4 2024 and Q1 2025
** Cost savings from restructuring to be reinvested across core initiatives and remaining international markets in Canada, the United Kingdom and Ireland
** In 2024, W down 28%
(Reporting by Juveria Tabassum in Bengaluru)
((Juveria.Tabassum@thomsonreuters.com;))
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