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600 Layoffs At Groupon
Business Insider ^ | 11/9/12

Posted on 11/09/2012 12:42:05 AM PST by My Favorite Headache

Groupon is firing some employees today.

A source familiar with the situation puts the number at 80. This is a significant number of people, obviously, but it's also a very small percentage of Groupon's 10,000+ global employees.

Groupon is reporting Q3 earnings this evening. Management will presumably describe the details of these layoffs on the call.

The source familiar with the situation suggests the cuts are part of a sales and marketing "optimization" effort that Groupon management alluded to on the last earnings call.

UPDATE: Groupon disclosed that it has cut more than 600 jobs from its salesforce in the last six months.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; News/Current Events; US: California
KEYWORDS: jobs; layoffs

1 posted on 11/09/2012 12:42:06 AM PST by My Favorite Headache
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To: My Favorite Headache

If you have a ping list, please add me to it. I’ve been arguing with some cousins on Facebook who think they won with Obama’s re-election, so I wouldn’t mind showing them what their victory looks like.


2 posted on 11/09/2012 12:45:02 AM PST by Optimus Prime (Do liberals even qualify as sentient beings?)
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To: Optimus Prime

http://www.freerepublic.com/focus/f-news/2957073/posts

Go to this thread, near the bottom, a poster has put together a list of (to date!!!) all the layoffs that are now taking place due to this (s)election.

It’ll blow your cousins minds...


3 posted on 11/09/2012 12:50:18 AM PST by Bradís Gramma (PRAY for this country like your life depends on it......because it DOES!)
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To: Optimus Prime
Did they vote with their Lady Parts for the One?

All kidding aside I am really depressed by his reelection
both of my kids who have never voted before voted for Romney and my sister who never votes did also. I am really scared by Obamacare and now we will never be able to get rid of it. Obama is a son of a B****. sorry but just so angry still.

4 posted on 11/09/2012 12:52:46 AM PST by funfan
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To: funfan

It’s okay. I’m angry, too. And yes, they did in fact vote their lady parts and Obamacare, along with gay marriage.


5 posted on 11/09/2012 12:56:55 AM PST by Optimus Prime (Do liberals even qualify as sentient beings?)
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To: My Favorite Headache

I am not amused by all the sudden layoff announcements now that the election is over. If they are laying people off because of Obama and say so, that’s different, but any company that held off on layoffs to avoid embarrassing Obama is going on my permanent boycott list. I actually use GroupOn, or used to. They are now like GM, Chrysler, and so many other crony capitalist companies - permanently dead to me. We are now in a state of at least economic war, and I will use my financial weapons every single day. GroupOn is Obama’s ally, which makes it America’s enemy. I do not in any way support my enemies.


6 posted on 11/09/2012 1:25:41 AM PST by Pollster1 (Freedom is never more than one generation away from extinction. - Ronald Reagan)
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To: funfan
Obama is a son of a B****. sorry but just so angry still.

Don't apologize. I think your choice of inappropriate words was far too mild. The frightening thing is that when we face the anti-Christ, he will also be pure evil but far more intelligent. Clearly America will not do well when facing that challenge if we can't even refuse this drug-addled communist.

7 posted on 11/09/2012 1:45:56 AM PST by Pollster1 (Freedom is never more than one generation away from extinction. - Ronald Reagan)
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To: My Favorite Headache

HOORAY Groupon! Prepare. Persevere.


8 posted on 11/09/2012 2:39:53 AM PST by PGalt
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To: My Favorite Headache

Well darn.

To think, some of my friends bought this crap stock even though I pointed out that many other friends were advertisers on Groupon and that their “Groupon” rates weren’t one bit lower than their regular rates.

Giant scam....


9 posted on 11/09/2012 5:25:51 AM PST by Vendome (Don't take life so seriously, you won't live through it anyway)
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