Chicago-based Groupon, the shrinking provider of online deals for local and national merchants, is laying off 500 people to deal with financial losses and plummeting revenue.
The new cutbacks, disclosed in a securities filing, come less than six months after Groupon announced separate plans to cut staff by about 500 workers. Its last reported employee headcount was 3,077 at the end of the third quarter last year, about 800 fewer people than it had 12 months earlier.
