The Latest Breaking News from Nick Halliwell

Groupon to lay off 500 employees as struggling online marketplace seeks financial turnaround

Groupon is laying off 500 employees, or nearly 15% of its global workforce, as the struggling Chicago-based online marketplace seeks to cut costs amid falling revenues.

Chicago Tribune · Aug 9, 2022

Groupon plans 500 layoffs as its losses widen

Most of the cuts will be in Illinois-based positions, a company spokesman said.

Chicago Sun-Times · Aug 9, 2022