Arab Today, arab today groupon stumbling to lay off 80 workers
Last Updated : GMT 21:34:07
Arab Today, arab today
Arab Today, arab today

Groupon, stumbling, to lay off 80 workers

Arab Today, arab today

Arab Today, arab today Groupon, stumbling, to lay off 80 workers

Chicago - UPI

Groupon Inc, the Internet deal-making firm in Chicago, said it would lay off 80 sales staff after a disappointing third quarter. In a statement, Groupon said it was laying off the workers because the company \"announced several months ago it would be using technology to increase productivity through automation.\" But the announcement came the same week company shares fell sharply due to its third quarter report, the Chicago Tribune reported. Groupon lost nearly $3 million in the quarter with revenue that did not meet expectations. Revenues reached $568.6 million, which topped the third quarter of 2011, when revenue was $430 million. But analysts expected the firm to earn revenue of $591 million, MarketWatch reported. The report drove down share values, which fell 29 percent Friday to $2.76 per share, a company low that is 86 percent off the $20 per share price when the firm launched its public debut in November 2011, MarketWatch said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today groupon stumbling to lay off 80 workers Arab Today, arab today groupon stumbling to lay off 80 workers

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today groupon stumbling to lay off 80 workers Arab Today, arab today groupon stumbling to lay off 80 workers

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday