Groupon lays off 500 employees
CHICAGO (CBS) -- Chicago-based Groupon laid off 500 employees Monday.
The departments affected include technology and sales.
Groupon chief executive officer Kedar Deshpande shared a notice to all staff on Monday.
Video: Groupon lays off 500 employees (CBS Chicago)
-
Chicago's Undetermined Drownings: Debunking the myths
CBS Chicago -
Man charged with murder in shooting that killed 55-year-old mother in Austin
CBS Chicago -
Park Ridge on edge after robberies outside Mariano's, Rivers Casino
CBS Chicago -
Vendors unsure of future at Little Village Discount Mall
CBS Chicago -
Wife grateful that husband saved her when car slammed into Crystal Lake restaurant
CBS Chicago -
Chicago Decides: Angela Clay, Kim Walz vie for 46th Ward
CBS Chicago -
Chicago Decides: Ald. Timmy Knudsen, Brian Comer face off in 43rd Ward
CBS Chicago -
Chicago Decides: Tina Hone faces Desmon Yancy in the race to be the next 5th Ward alderman
CBS Chicago -
South Side non-profit helps provide essential resources to girls across Chicago
CBS Chicago -
No bond for Lyons Township woman charged in death of 19-month old son
CBS Chicago -
Johnson, Vallas in the home stretch before April 4 mayoral runoff
CBS Chicago -
Four juveniles, youngest just 11, arrested after crashing stolen car
CBS Chicago -
Chicago Weather Alert: Winter Storm Warning for Lake, McHenry counties
CBS Chicago -
At Northbrook camp, children with cancer can be 'just a regular kid'
CBS Chicago -
Rolling Meadows High School principal earns prestigious award
CBS Chicago -
Lyons Township woman denied bond in death of 19-month-old son
CBS Chicago
-
Chicago's Undetermined Drownings: Debunking the myths A longer series of questions has been left unanswered, as undetermined findings in drowning cases leave loved ones hoping for more clarity. CBS 2's Chris Tye reports. CBS Chicago
-
Man charged with murder in shooting that killed 55-year-old mother in Austin Baseer Muhammad, 23, was charged with first-degree murder, aggravated discharge of a firearm, and possession of a stolen vehicle in the Feb. 28 shooting of Tracey Allen Showers, 55. CBS Chicago
-
Park Ridge on edge after robberies outside Mariano's, Rivers Casino The was a huge show of force Friday night as Park Ridge police and Cook County Sheriff’s deputies gathered in the parking lot of the Mariano’s at 1900 S. Cumberland Ave. CBS 2's Jermont Terry reports. CBS Chicago
"While we have discussed the need to streamline our organization as part of our strategy to transform Groupon into the destination for Local experiences and services, I recognize that saying goodbye to colleagues will hit us all harder than any words on a piece of paper ever can," Deshpande wrote.
Deshpande wrote that Groupon needs to cut costs, improve productivity, and automate some functions. This has involved reducing the North America sales team in a transition toward self-service merchant acquisition capabilities, realigning the company's tech organization toward its business needs, and reducing the company's real estate footprint to reflect a hybrid work model.
The company's Australia Goods business will be closed altogether.
