UPDATE 2-Groupon to cut 1,100 jobs as it restructures outside N. America

martes 22 de septiembre de 2015 11:28 GYT
 

* Company had about 11,800 employees Dec-end

* Expects up to $35 mln pretax charge on job cuts

* Job cuts mainly in sales, customer service (Adds details, analyst comment; updates shares)

By Anya George Tharakan

Sept 22 (Reuters) - Groupon Inc, the operator of daily deals website groupon.com, said it would cut about 1,100 jobs globally as it restructures outside North America.

Groupon is shutting operations in Morocco, Panama, the Philippines, Puerto Rico, Taiwan, Thailand and Uruguay after exiting Greece and Turkey, the company said in a separate blog post on Tuesday. (gr.pn/1G0mZxA)

Groupon, which had about 11,800 employees globally at the end of December, said that it expected to complete the job cuts, mainly in sales and customer service, by September 2016. (1.usa.gov/1NQZIWX)

A strong dollar has hurt companies with a large presence in markets outside the United States. Markets outside North America accounted for about 43 percent of Groupon's revenue in 2014.

The company said in April it would sell a 46 percent stake in its South Korean business as part of its turnaround efforts.   Continuación...