The reduction impacted workers in teams, including merchant development, sales, recruiting, engineering, product and marketing,
"Our overall business performance is not at the levels we anticipated and we are taking decisive actions to improve our trajectory," CEO Kedar Deshpande said in a statement provided to the website.
The chief executive says that the layoffs, as well as a reinvestment in marketing and initiatives that drive customer purchase frequency, will set the company up to generate positive cash flow by the end of 2022.
In a letter to staff, Deshpande said that Groupon is reducing its
It is also re-organising the company to focus "only on mission-critical activities and leaning on more external support".
"In addition, we are proposing to reduce cloud infrastructure and support functions as we wrap up cloud migrations," the CEO said.
Groupon is also closing its
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