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

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

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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. 

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