LivingSocial Expected To Lay Off 400 Employees

What's Next In Payments®
6:38 AM EST November 29th, 2012

According to a report by the Washington business Journal, LivingSocial is expected to lay off 400 workers today.

The layoffs could be related to LivingSocial’s net loss of $566 million in the third quarter, as the company’s revenue fell to just $124 million, notes Business Insider.

Read the full story here.

Comments
Also by This Author
What's Hot
Point of Sale
PCH Trying to Buy Fab For $15 Million
Apple Pay Tracker
MasterCard: Security Is Nice, Functionality Is Better
News
Intuit Payments Sees Growth
News
Finally, An App That Finds Only Bars And Nightclubs!
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
In Depth
Let’s Get Ready To Retail
CA Technologies
How To Ignite Issuer-Branded Mobile Wallets
Point of Sale
PCH Trying to Buy Fab For $15 Million
Cool
Who’s Driving eCommerce Spend?
View All Articles ››