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
B2B Payments
New B2B Gift Card Guide
B2B Payments
U.S. Bank Voyager Network Adds 35 Locations In Florida
Merchant Innovation
The Latest Amazon Accessory: A Human Installer
News
iPhone Sales To Surge This Holiday Season
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
Controversial
Pew Report Critical of Mobile Remote Deposit Capture
Cool
Is It Mobile Imaging’s Time To Shine?
B2B Payments
New B2B Gift Card Guide
B2B Payments
U.S. Bank Voyager Network Adds 35 Locations In Florida
View All Articles ››