LivingSocial Confirms Layoffs: 400, All But A Couple Dozen In The U.S., 10% Of Workforce

It's not only Groupon that is feeling the crunch among daily deal sites: LivingSocial is laying off 400 employees today. There were reports of the layoffs out yesterday from more than one source; the company confirmed the number to TechCrunch in an email just now. "I can confirm that we notified approximately 400 employees today -- all but a couple dozen in the United States -- that their positions are being eliminated," a spokesperson told me. "That's about 10% of our global workforce."

Source: http://feedproxy.google.com/~r/Techcrunch/~3/ke-g059ihVs/

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