Groupon Cuts Approximately 400 Jobs in Restructuring Effort
Discount retail company Groupon is cutting around 400 global jobs, including employees and contractors, as part of a restructuring plan to transition into an AI-native business. The move aims to reduce costs by $20 million to $25 million annually but will incur one-time charges between $7 million and $13 million.
Topics: AI transformation Groupon layoffs restructuring