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

What's Next In Payments®
8:19 PM EDT 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.

Also by This Author
What's Hot
Mobile Commerce
MasterCard CEO: MasterPass Starts Where Apple Pay Stops
Credit Unions, Retail Groups Finger-Pointing On Payment Security
Merchant Innovation
Q3 Results Highlight Groupon’s Growing Pains
Alibaba Protects Its 11/11 “Singles Day” Turf
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Apple Pay Tracker
Apple Pay Faceoff
Korean Tech Companies Shifting B2C Focus to B2B Market
Mobile Commerce
MasterCard CEO: MasterPass Starts Where Apple Pay Stops
B2B Pricing Optimization Company Acquired
View All Articles ››