Groupon: Our teams did great job, we will fire 1,100 employees
"Over the next several months we will eliminate approximately 1,100 positions, primarily in international Deal Factory 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," the company said,
The company is shutting operations in Morocco, Panama, the Philippines, Puerto Rico, Taiwan, Thailand and Uruguay after exiting Greece and Turkey, the company said in a blog post.
Groupon, with about 11,800 employees globally at the end of December, said that it expected to complete the job cuts, mainly in sales and customer service, by September 2016.
A strong dollar has hurt companies with a large presence in markets outside the United States. Markets outside North America accounted for about 43 percent of Groupon's revenue in 2014. ■