Groupon Is Laying Off 1,100 At A Cost Of $35M, Shutters Operations In 7 Countries

Some significant downsizing is underway at Groupon, the daily deals and local-commerce site. The company is today announcing that it will be cutting 1,100 jobs — mostly in its sales (aka “deal factory”) and customer service operations — taking a pre-tax charge of $35 million in the process. As part of the restructure, Groupon is also ceasing operations in several markets internationally: Morocco, Panama, The Philippines...
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