RetailUS

Groupon Layoffs

January 2023

Groupon announced a layoff affecting 500 employees in January 2023. The company operates in the Retail sector.

People Affected

500

Announced Date

Jan 30, 2023

About

Groupon is laying off approximately 500 employees, which represents about 15% of its global workforce. The online marketplace and local deals platform, operating in the e-commerce and technology industry, announced this significant workforce reduction in late January 2023. This move is part of a broader restructuring effort aimed at streamlining operations and reducing costs to improve profitability amid ongoing challenges in its core business model. The company, once a high-flying startup, continues to adjust its strategy in a competitive digital landscape.