Struggling Chicago-based online marketplace Groupon is laying off 500 employees, or nearly 15% of its global workforce.
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.
Groupon had 3,416 employees at the end of the second quarter, including nearly 1,100 based out of the Chicago headquarters, according to Halliwell. The company had more than 11,000 employees worldwide at its peak in 2012. Once the face of Chicago’s tech startup scene, Groupon has been in decline for much of the past decade.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amid global growth, TaskUs cut 500 U.S. employees in second quarter as clients seek lower costsTaskUs has said it has more than 4,000 employees in the U.S., with most in New Braunfels, San Antonio and Harlingen.
Read more »
Nearly 500 US Flights Canceled and Nearly 2,000 Delayed on MondayOn Sunday, Chicago O’Hare saw the most cancellations and delays, with approximately 12% of flights canceled, and over 45% of flights delayed.
Read more »
MicroStrategy has outperformed 97% of S&P 500 stocks since adopting BTC strategy in 2020The value of MicroStrategy (NASDAQ: MSTR) stock has outperformed most asset classes since the company adopted its Bitcoin (BTC) strategy... Continue reading
Read more »
S&P 500 gives up earlier gain and is flat as Nvidia warning hits tech stocksInvestors shifted focus to a key inflation report this week for more clarification about the Fed's next move at its policy meeting in September.
Read more »
Asian Stock Market: Trades mix on subdued S&P500, DXY slips around 106.80, oil below $90.00Asian Stock Market: Trades mix on subdued S&P500, DXY slips around 106.80, oil below $90.00 – by Sagar_Dua24 Asia Nikkei DollarIndex China Inflation
Read more »
Forex Forecast: Pairs in Focus \u2013 EUR/USD, S\u0026P 500 IndexGet the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 8, 2022 here.
Read more »