Groupon to lay off or furlough 2,800 employees, as business ‘deteriorated’ from COVID-19 pandemic
April 13, 2020 at 16:39 PM EDT
Shares of Groupon Inc. dropped Monday, after the online-deal company said it expects to lay off or furlough more than 40% of its staff, as the COVID-19 pandemic has resulted in a “material deterioration” of its business.