Westwing

How it happened

Westwing is a Munich-based online retailer of home and living products that sells through curated daily campaigns and a growing private-label range. It rode the pandemic home-furnishing boom to an all-time high in May 2021, valuing it around €2.7B. As lockdown demand reversed and consumers pulled back on big-ticket home spending, sales and margins shrank; the stock collapsed more than 90%, leaving Westwing worth around €200-250M — a fraction of its peak. Through the downturn, Glassdoor reviews from Munich staff described layoff rounds arriving roughly twice a year after the company over-hired during the boom, alongside constant strategy shifts and reorganizations; tech reviewers tied a later wave to a rushed SaaS-platform migration under new leadership.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.