DAILY DEAL DAMAGE: Group Commerce Has Laid Off 28% Of Its Staff

Group Commerce, an e-commerce platform for publishers that made its name in the daily-deal market, has fired 31 people.


The company confirmed the layoffs to Business Insider. The cuts amount to 28% of its 109-person staff.


“It was a tough decision,” says CEO Jonty Kelt. “We had to split up our family here.”

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The employees were located throughout six cities and worked on everything from sourcing local deals for publishers to operations.

“Sourcing” a deal is the labor-intensive process of approaching local businesses to run a discount or promotion—the kind of operation that Groupon, with its large local sales force, is known for.

Read more: http://www.businessinsider.com/group-commerce-daily-deal-layoffs-2013-1#ixzz2J1Of2ygB


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