[YOU’RE FIRED] Chicago-Based Groupon To Lay Off 500 employees — What To Know | VIDEO

Chicago-Based Groupon To Lay Off 500 employees. The decision to lay off nearly 15% of its global workforce comes as the company aims to “streamline our cost structure,” said Kedar Deshpande, CEO of Groupon. “Put simply, our cost structure and our performance are not aligned. In order to position Groupon to successfully execute our turnaround plan, we have to lower our cost structure. Over the last three months the senior leadership team has been challenging our current processes and automating how we work, both with an eye toward taking costs out of the business and improving our productivity,” Deshpande said in a statement.

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