- A Department of Labor filing shows Groupon (GRPN -0.6%) has laid off 39 workers at its Ideel fashion/apparel flash sales site. Sources tell Re/code the job cuts cover at least 20% of Ideel's staff.
- Groupon bought Ideel in early 2014 for $43M in cash. Peers such as Gilt and Zulily have also had a rough time.
- Earlier this week, Re/code reported Groupon had laid off about 20 of the 80-100 workers at its Breadcrumb restaurant software unit, albeit while deciding to keep the business.
Groupon lays off 39 workers at fashion flash sales site
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Symbol | Last Price | % Chg |
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GRPN | - | - |
Groupon, Inc. |