BUZZ-Wayfair up on German market exit; 730 job cuts

Reuters

01-10

** Shares of online furniture retailer Wayfair 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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