Today, Livingsocial is laying off 400 of its 4,500 employees. Most layoffs are for US-based salespeople. Earlier in November, Groupon laid off 80 of its 12,000 employees. It's old news that the daily deals space is in trouble, and these layoffs are just another piece of evidence. Both companies have also lost key personnel in recent months, including LivingSocial's Eric Eichmann, head of international operations, LivingSocial's co-founder Eddie Frederick, and Groupon's Lee Brown, (former) head of sales.
http://techcrunch.com/2012/11/29/livingsocial-confirms-layoffs-400-all-but-a-couple-dozen-in-the-u-s-10-of-workforce/
No comments:
Post a Comment