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Chicago Sun-Times
Chicago Sun-Times
National
David Roeder

Groupon plans 500 layoffs as its losses widen

Groupon Illinois
Groupon employees are shown in silhouette with the company’s logo in 2011 at the Chicago headquarters. (AP)

Chicago-based Groupon will lay off 500 workers globally, with many cutbacks local and with more likely to come, the company said Monday.

The layoffs will amount to about 15% of the total workforce, which stood at 3,416 as of June 30. Groupon spokesman Nick Halliwell said that of the 500 jobs to be shed, 293 will be in positions based in Illinois. He could not specify how many will be at the e-commerce company’s Chicago base, 600 W. Chicago Ave., where it already is making office space available on a sublease.

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