Groupon cuts another 500 employees in the second round of layoffs

News Summary

  • The Company also intends to implement other non-payroll actions outlined within the 2022 Cost Savings Plan, including reducing technology, software and certain professional services costs.
  • Groupon has laid off another 500 employees in a bid to cut costs, the company said in an SEC filing last week.
Groupon has laid off another 500 employees in a bid to cut costs, the company said in an SEC filing last week. The ecommerce company had cut 500 jobs nearly 15% of its workforce then previously in A [+1888 chars]