LivingSocial Expected To Lay Off 400 Employees

What's Next In Payments®
6:38 AM EDT 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.

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