Groupon has laid off another 500 employees in an effort to cut costs

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Groupon has laid off another 500 employees in an effort to cut costs. In August 2022, the e-commerce company cut 500 jobs, or nearly 15% of its workforce.

According to the company, the new round of layoffs will be spread out over the first two quarters of this year. “On January 25, 2023, the Board of Directors of Groupon, Inc. approved the second phase of the Company’s multi-phase restructuring plan, which is part of the Company’s comprehensive cost savings plan, announced in August 2022. “The majority of these reductions are expected to occur by the end of the second quarter of 2023,” Groupon stated in a filing.

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Groupon has laid off another 500 employees in an effort to cut costs

Groupon has laid off another 500 employees in an effort to cut costs. In August 2022, the e-commerce company cut 500 jobs, or nearly 15% of its workforce.

According to the company, the new round of layoffs will be spread out over the first two quarters of this year. “On January 25, 2023, the Board of Directors of Groupon, Inc. approved the second phase of the Company’s multi-phase restructuring plan, which is part of the Company’s comprehensive cost savings plan, announced in August 2022. “The majority of these reductions are expected to occur by the end of the second quarter of 2023,” Groupon stated in a filing.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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