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Groupon cuts another 500 employees in the second round of layoffs

Groupon has laid off another 500 employees in a bid to cut costs, the company said in an SEC filing last week. The e-commerce company had cut 500 jobs — nearly 15% of its workforce then — previously in August 2022.
The company said that this new set of layoffs will be spread across the first two quarters of this year.
“On January 25, 2023, the Board of Directors of Groupon, Inc. approved the second phase of the Company’s multi-phase restructuring plan, which is part of the Company’s comprehensive cost savings plan, announced in August 2022. This second phase is expected to include an ove

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