Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail

Wayfair is exiting the German market and plans to cut as many as 730 jobs, or about 3% of its global workforce, as it looks to focus on new growth drivers such as physical retail, the company said Friday.About half of the affected employees will have the option to stay on with Wayfair if they agree to relocate to London, Boston or other locations where the company has a presence, finance chief Kate Gulliver told CNBC in an interview. The affected positions include corporate roles as well as roles on Wayfair ...