As Groupon's (GRPN) board gets ready to meet and perhaps decide Andrew Mason's fate, top rival...

|By:, SA News Editor

As Groupon's (GRPN) board gets ready to meet and perhaps decide Andrew Mason's fate, top rival LivingSocial is reportedly set to lay off 400 people today. LivingSocial, 29%-owned by Amazon (which just took a giant write-down on its investment), delivered a $69M Q3 operating loss on revenue of $124M. Many think Groupon needs to cut headcount as well.