Groupon cuts over 500 staff as the downturn takes its toll

Chicago-based Groupon today laid off more than 500 of its employees, according to posts from former employees on social media. The reduction impacted workers in teams including merchant development, sales, recruiting, engineering, product, and marketing as well as public relations.
TechCrunch reached out to the company for comment but did not yet hear back at time of publication.
Coupon-finding Groupon has grown to have steep e-commerce competition since its founding in 2011. Rakuten and Honey, which sit on consumer’s browsers to scour the internet to show related deals, have grown into massiv

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