NEW YORK (AP) — Online deals company LivingSocial says it is cutting 400 jobs worldwide, or about 9 percent of its work force. The move comes as the deals market continues to face challenges.
LivingSocial spokesman Andrew Weinstein says all but a few dozen of the cuts are in the United States. Sales has the highest number of cuts, and others are in customer service and editorial. LivingSocial says it is moving its customer service operations to Tucson, Ariz., from Washington, where it has its headquarters.
The move comes a day after the CEO of rival Groupon Inc., Andrew Mason, said "it would be weird" if his board wasn't discussing whether he was the right guy for the job amid the company's poor stock performance. His possible ouster was reported by AllThingsD and elsewhere.