Group Commerce Lays Off 28 Percent Of Staff, Shies Away From Local Deals

What's Next In Payments®
8:19 PM EST January 27th, 2013

Group Commerce has laid of 28 percent of its staff as it plans to move away from local deals and focus more on national campaigns, according to Business Insider. “It was a tough decision,” said CEO Jonty Kelt of laying off 31 people from his 109-person staff. “We had to split up our family here.”

Kelt cited the lack of profitability in local daily deals as reason for the job cuts, and said Group Commerce will focus more on national campaigns which, in Kelt’s words, generate more revenue for the same amount of work needed to offer local deals.

Read the full story here.

Topics:
Comments
Also by This Author
What's Hot
Alternative Financial Services
Ant Financial To IPO In 2016
Merchant Innovation
California Startup SimpleFi Hopes to Challenge Payday Lenders with Employee Targeting
Consumer Finance
Visa Europe to Spend EUR 200 Million on Digital Payment Technology
B2B Payments
Slyce Snatches Coupon App SnipSnap for $6.5 Million
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
Cool
Tapping Into The Two Screen Consumer
Alternative Financial Services
Ant Financial To IPO In 2016
News
Bed Bath & Beyond Finds Its Money in the Latter
Merchant Innovation
California Startup SimpleFi Hopes to Challenge Payday Lenders with Employee Targeting
View All Articles ››