• Events
  • Marketplace
  • Resources
  • Press Releases
  • Business Directory
  • About Us
  • Advertise
  • Contact
The FUTURE OF WORK® since 2003
Allwork.Space
Subscribe
  • All Topics
    • Business
    • Biophilic Design
    • Career Growth
    • Coliving
    • Collaboration
    • Coworking
    • CRE
    • DE&I
    • Digital Nomads
    • Future of Work
    • Home Office
    • Human Resources (HR)
    • Hybrid Work
    • Investment
    • Leadership
    • Marketing
    • Mental Health
    • Mergers & Acquisitions
    • Office Furniture
    • Productivity
    • PropTech
    • Remote Work
    • Self-care
    • SMBs
    • Social Impact
    • Space-as-a-Service
    • Technology
    • Virtual Office
    • Work-life Balance
    • Workforce
    • Workplace Design
    • Workplace Wellness
  • News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • Marketing
  • CRE
  • Podcast
  • More
    • Advertise With Us
    • Marketplace
    • Events
  • All Topics
    • Business
    • Biophilic Design
    • Career Growth
    • Coliving
    • Collaboration
    • Coworking
    • CRE
    • DE&I
    • Digital Nomads
    • Future of Work
    • Home Office
    • Human Resources (HR)
    • Hybrid Work
    • Investment
    • Leadership
    • Marketing
    • Mental Health
    • Mergers & Acquisitions
    • Office Furniture
    • Productivity
    • PropTech
    • Remote Work
    • Self-care
    • SMBs
    • Social Impact
    • Space-as-a-Service
    • Technology
    • Virtual Office
    • Work-life Balance
    • Workforce
    • Workplace Design
    • Workplace Wellness
  • News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • Marketing
  • CRE
  • Podcast
  • More
    • Advertise With Us
    • Marketplace
    • Events
No Result
View All Result
Allwork.Space
Switch Now to OfficeRnD Flex and Keep 2023 Pricing
Home News Workforce

Groupon Lays Off 15% Of Its Staff

“Our overall business performance is not at the levels we anticipated and we are taking decisive actions to improve our trajectory,” said Kedar Deshpande.

Aayat AlibyAayat Ali
August 9, 2022
in Workforce
Reading Time: 2 mins read
A A
Groupon Lays Off 15 Of Its Staff
Share on FacebookShare on TwitterShare to Network
Switch Now to OfficeRnD Flex and Keep 2023 Pricing

Coupon marketplace company Groupon has laid off 15% of its staff today, more than 500 of its headcount. 

According to Kedar Deshpande, CEO of Groupon, these layoffs aim to set the company on the right path towards a positive cash flow by the end of the year.

FlexJobs logo

Teams that were impacted by the cuts included those within engineering, merchant development, product and marketing, recruiting, and sales. 

“Our overall business performance is not at the levels we anticipated and we are taking decisive actions to improve our trajectory,” said Deshpande. 

Employees were informed of the layoffs in a letter written by Deshpande, who stated that Groupon will be reorganizing its business in an effort to focus “only on mission-critical activities and leaning on more external support.” 

This includes cutting down on its cloud infrastructure, closing its Australia Goods business, adopting more hybrid work policies and reconsidering its real estate footprint.  

Despite consumers undoubtedly looking to save money during this ongoing economic uncertainty, competition from firms like Honey have hindered Groupon’s prominent standing as the ideal money-saving tool. 

While the most recent round of job cuts at Groupon is significant, it still pales in comparison to its move to lay off or furlough 2,800 workers in April of 2020.  

“For those of you whose roles are impacted today, we’re sincerely grateful for all of the contributions that you have made and want to do our best to support your success in the next steps of your career,” Deshpande’s letter added. 

  Your go-to resource on the Future of Work®  Get the emerging trends, top stories, and latest news on the world of work straight into your inbox each weekday morning.   
Source: TechCrunch
Tags: BusinessWorkforce
Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

No Result
View All Result
Yardi Kube IT Management
1Password - Start Today
Later - Turn followers into customers
FlexJobs logo

Latest News

Worker Confidence Defies Slowing Wage Growth Trends

Worker Confidence Defies Slowing Wage Growth Trends

December 7, 2023
Rising Financial Concerns To Shape Employee Priorities and Expectations in 2024

Rising Financial Concerns To Shape Employee Priorities and Expectations in 2024

December 7, 2023
Gemini vs. ChatGPT: Will Google's AI Rollout Boost Workforce Adoption?

Gemini vs. ChatGPT: Will Google’s AI Rollout Boost Workforce Adoption?

December 7, 2023
Tis the Season to Work and Wander: 15 Top Workcation Locations For The Holidays

‘Tis the Season to Work and Wander: 15 Top Workcation Locations For The Holidays

December 7, 2023
Surge In Visa Applications Is Reshaping Global Work And Travel Trends

Surge In Visa Applications Is Reshaping Global Work And Travel Trends

December 6, 2023
Overtime Mythbusting: More Hours Don't Mean More Productivity

Overtime Mythbusting: More Hours Don’t Mean More Productivity

December 6, 2023

News and Features

Business

Tech

Marketing

Design

Work-life

CRE

Coworking

Workforce

Daily Digest

Podcast

Resources

Marketplace

Events

Press Releases

FlexSpace, Coworking
and Office Space

Los Angeles

New York

Chicago

Washington, D.C.

Houston

Dallas

Miami

San Francisco

Atlanta

Philadelphia

Seattle

Austin

Company

About Us

Submit to Allwork.Space

Contact

Advertise

FlexSpace

Terms Of Use

FlexSpace FAQs

Privacy Policy

Connect with Allwork.Space

Twitter

Linkedin

Facebook

Instagram

YouTube

Apple Podcasts

Spotify

Google Podcasts

©2023 Allwork.Space  l  Exploring the FUTURE OF WORK® since 2003.

No Result
View All Result
  • Home
  • News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Experts
    • Podcast
    • Opinions
  • Resources
    • Research + Reports
    • Marketplace
    • Find Office Space
    • Find Remote Jobs
    • Press
  • Events
  • About Us
    • Advertise
    • Submit to Allwork.Space
    • Contact
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00