Groupon Laying Off 400 Employees -- Nearly 25% of Its Workforce -- in AI Shift

Groupon laying off 400 employees -- nearly 25% of its workforce -- in AI shift

Groupon, the Chicago-based online marketplace, is slashing up to 400 positions — nearly a fourth of its worldwide workforce — in a plan to rebuild as an AI-native company. Citing projected annualized savings of about $25 million, the company ...

Groupon laying off 400 employees — nearly 25% of its workforce — in AI shift

Groupon, the Chicago-based online marketplace, is slashing up to 400 positions — nearly a fourth of its worldwide workforce — in a plan to rebuild as an AI-native company.

Groupon layoffs today: Hundreds of jobs slashed in latest ‘AI-native’ tech company pivot. Stock price rises

Another tech company has announced that it will lay off a significant number of workers in an effort to become “AI-native.” This time around, it’s Groupon, the legacy discount e-commerce platform that rose to prominence in the early 2010s. Here’s what you need to know about Groupon’s layoffs and its “Project Foundry” AI plans. What’s happened? Last Thursday, the board of Groupon, Inc. (Nasdaq: GRPN) approved a restructuring plan that will see ma…

Groupon Cuts 25% Workforce Globally — AI Voice Agents Replacing Human Sales Workers Will Save Up To $25M

The voice making Groupon's sales calls may soon no longer belong to a person. The US-based deals platform, Groupon, has announced plans to cut up to 400 jobs globally as it accelerates a restructuring programme focused on artificial intelligence and automation. The reductions represent nearly a quarter of the company's workforce and form part of Groupon's wider effort to lower costs while rebuilding its business around AI-powered systems. The co…

Groupon Cuts 400 Jobs as It Pivots to AI

Groupon is trimming up to 400 positions worldwide as it doubles down on an artificial intelligence makeover, a move that will hit both employees and contractors while freeing up cash for new tech, marketing and higher-paid specialists. Company leaders are framing the move as a necessary step to turn the long-running deals marketplace into an AI-native operation, even as hundreds of people now face the prospect of losing their jobs. On May 21, th…

Groupon Cuts Up To 400 Jobs As Company Pushes “AI-Native” Overhaul

Groupon is trying to sell Wall Street on a comeback story, but hundreds of workers may be paying the first bill. The Chicago-based deals platform approved a new restructuring plan on May 21 tied to its push to rebuild itself as an “AI-native company,” according to a Form 8-K filed with the SEC. The company said the “initial phase” is expected to include “up to 400 positions globally,” covering both employees and contractors, with most cuts expec…