According to Statista, 22.1 million people purchased at least one offer on the site in Q1 2022 - a sharp fall from 53.9 million in Q1 20214. Groupon has had several challenges over the years, from increasing competition to dwindling userbase. is a local commerce marketplace that connects merchants to consumers by offering goods and services at a discount. TechCrunch sent several emails to Groupon before publishing to get more info about the layoffs, but the company didn’t respond at the time of writing. The company’s Chief People Officer Kristen Barbor said Groupon “had to part ways with several very talented teammates in NAM, across all levels of leadership.”
See all 25 Groupon promo codes, coupon codes & discounts for May 2023. Over the last week, several employees posted about the layoff on LinkedIn. Apply this valid 50 off Groupon promo code to save on local deals. The latest round of cuts will impact almost 20% of its employee base - the company reportedly had 2,500 employees in late December. This second phase is expected to include an overall reduction of approximately 500 positions globally, with the majority of these reductions expected to occur by the end of the second quarter of 2023,” Groupon said in a filing. 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. “On January 25, 2023, the Board of Directors of Groupon, Inc. The company said this new set of layoffs will be spread across the first two quarters of this year. The company also sells goods directly to consumers in many cases. The e-commerce company had cut 500 jobs - nearly 15% of its workforce then - in August 2022. Groupon generates money through the sale of vouchers and card-linked deals, which connect consumers with local businesses. Groupon has laid off another 500 employees in a bid to cut costs, the company said in an SEC filing last week.
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