RetailUS

Groupon Layoffs

April 2020

Groupon announced a layoff affecting 2,800 employees (44% of its workforce) in April 2020. The company operates in the Retail sector.

People Affected

2,800

Percentage

44%

Announced Date

Apr 13, 2020

About

Groupon, the online marketplace for local deals, announced on Tuesday that it is laying off 2,800 employees, which represents 44% of its total workforce. The cuts span all departments, including a significant number of engineering roles. The company cited a "material deterioration" in its business, largely due to the widespread closures of local businesses it partners with, as the primary reason for this drastic restructuring. This major reduction highlights the severe impact of the economic downturn on the tech and e-commerce industry, affecting a company of its scale.