1,000 Jobs Gone At Groupon And LivingSocial; Can The Daily Deal Sector Turn It Around? (GRPN)

Source: http://www.businessinsider.com/layoffs-at-groupon-and-livingsocial-2012-11 The daily deal world is in turmoil. LivingSocial just announced the firing of 400 employees, which is about 8.9% of its total workforce. What’s more unnerving is that over the past six months, Groupon reduced its workforce by 648 positions. More than 1,000 reductions across both businesses is a huge deal. Those reductions […]