Another tech company says it will cut jobs amid pivot to AI
Groupon has announced plans to cut up to 400 jobs, representing nearly 25% of its workforce, as part of a shift towards artificial intelligence. This decision follows a disappointing performance in the previous quarter and is part of a broader trend in the tech industry, where many companies are restructuring to incorporate AI. The layoffs are expected to cost Groupon approximately $13 million but will save the company over $20 million annually.
- ▪Groupon will cut up to 400 jobs as part of a restructuring plan to become AI-native.
- ▪The layoffs represent nearly 25% of Groupon's worldwide workforce.
- ▪Since 2022, over 800,000 tech workers have been laid off, with a significant increase in cuts this year.
- ▪Groupon's shift towards AI aims to better serve customers and merchants.
- ▪The layoffs will cost Groupon about $13 million but are projected to save over $20 million annually.
Opening excerpt (first ~120 words) tap to expand
Groupon’s headquarters in Chicago. (Chicago Tribune / TNS) By Lily Wright Connect May 29, 2026 3 AM PT 4 3 min Click here to listen to this article Share via Close extra sharing options Email Facebook X LinkedIn Threads Reddit WhatsApp Copy Link URL Copied! Print 0:00 0:00 1x This is read by an automated voice. Please report any issues or inconsistencies here. Layoffs have continued with another tech company saying it was cutting people to enable it to use more artificial intelligence. Groupon announced in a security filing this month that it will cut up to 400 jobs, or nearly 25% of its worldwide workforce, as part of a broader restructuring plan to make the platform AI-native.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Los Angeles Times.