Groupon Lays Off Employees And Exits Certain Geographies: A Look At The Impacts On The Stock

Groupon recently announced a bold restructuring move to lay off 1,100 employees and to exit 7 international markets. This latest move comes on the top of a series of measures that were recently taken by the management to re-invent the company amidst various challenges it faces. This past year, Groupon also divested its stake in its Korean Ticket Monster and restructured its Indian operations. In addition, it exited from markets such as Turkey and Greece. While this restructuring indicates that a...