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Tribune News Service
Tribune News Service
Business
Amina Elahi

Groupon cuts about 100 jobs, most in Chicago

CHICAGO _ Groupon laid off about 100 employees this week, primarily at its Chicago headquarters, according to sources.

A spokesman for Groupon confirmed the job cuts by email on Friday morning but did not provide a total number.

"We've had a small number of position eliminations in our Chicago office," he wrote. "These actions are a part of our continued efforts to streamline our operations and increase our overall efficiency and effectiveness. ... We've provided affected employees with severance and transition assistance."

He said the cuts at the e-commerce marketplace included about 30 positions in the editorial group.

Separately, the company announced in February that it is laying off the remaining 95 employees of LivingSocial, the onetime competitor it acquired in late 2016. The effective layoff date for those employees, based in Washington, D.C., is April 24.

The company had 8,300 employees globally at the end of 2016. It employed 1,950 in Chicago as of last August.

Nasdaq was closed for trading in observance of Good Friday. Groupon shares closed at $3.66 Thursday, down about 3 percent for the day. The stock is up about 5 percent for the year.

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