Today's Hard|Forum Post
Today's Hard|Forum Post

Tuesday September 22, 2015

Groupon To Cut About 1,100 Jobs Worldwide

I wanted to make a Groupon severance package joke here but it's not really funny when this many people are losing their jobs.

Groupon Inc, the operator of daily deals website, said it would cut about 1,100 jobs globally as it restructures operations, mainly outside North America. Groupon said it expected to incur pretax charges of up to $35 million, including $22 million-$24 million in the third quarter, related to the job cuts.