Groupon announces 500 layoffs, including Chicago positions, during earnings call

Groupon announces 500 layoffs, including Chicago positions, during earnings call

ByABC7 Chicago Digital Staff by way of

Tuesday, August 9, 2022 12:03PM

CHICAGO (TOC) — Groupon is shedding about 500 staff.

The layoffs embrace 293 positions related to the corporate’s Chicago headquarters. A few of these workers work remotely and will stay out of state, the corporate mentioned.

The cuts are occurring throughout completely different departments and can primarily have an effect on within the expertise group, North American gross sales and the Australian Items enterprise.

“Whereas a number of the cost-cutting actions that we introduced at present had been extraordinarily tough, notably these with worker impacts, they had been essential to our potential to make progress and stay as much as our potential,” the corporate mentioned.

Monday, Groupon reported a lack of $91 million in its second quarter. The corporate mentioned it plans to chop prices by $150 million.

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