Groupon will eliminate 1,100 jobs and shut down operations in seven countries, chief operating officer Rich Williams shared in a Sept. 22 blog post on the company’s website.
The cut jobs are mostly in international sales and customer service.
“Our teams have done great work to streamline our operations in these and other areas, and our global capabilities and strong regional service centers allow us to do more with less while still providing the high level of service our customers expect and trust,” said Williams.
Groupon currently operates in more than 40 countries and will pull out of Morocco, Panama, the Philippines, Puerto Rico, Taiwan, Thailand, and Uruguay.
“We believe that in order for our geographic footprint to be an even bigger advantage, we need to focus our energy and dollars on fewer countries,” said Williams.
In a statement filed with the Securities and Exchange Commission, the company totaled the cost of the layoffs at as much as $35 million.Follow JCK on Instagram: @jckmagazine
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