Please ensure Javascript is enabled for purposes of website accessibility

Why Is Groupon Inc. Cutting 10% of Its Workforce?

By Chris Neiger - Sep 23, 2015 at 6:20PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The daily deals website is scaling back its international efforts in order to focus on more lucrative countries.

Groupon (GRPN -0.12%) just announced it's cutting 1,100 jobs, primarily in its international Deal Factory and customer service divisions. As a result, Groupon will shut down its operations in Morocco, Panama, the Philippines, Puerto Rico, Taiwan, Thailand, and Uruguay. That follows the company's latest decision to leave Greece and Turkey as well. 

COO Rich Williams said in a blog post that Groupon is "stronger than ever" despite the international restructuring. Click on the video below to find out more about why Groupon's changing its international workforce. 

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Groupon, Inc. Stock Quote
Groupon, Inc.
$12.05 (-0.12%) $0.01

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/23/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.