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 and taking a pre-tax charge of $35 million in the process. It is also ceasing operations in several markets internationally: Morocco, Panama, The Philippines, Puerto Rico, Taiwan, Thailand and Uruguay will all be closing, on top of… Read More

Source: TechCrunch