Groupon layoffs, on the record
Every job cut, severance charge and restructuring Groupon reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 2,213 to 1,734.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 2,213 | December 31, 2023 |
| 10-K for 2024 | 2,079 | December 31, 2024 |
| 10-K for 2025 | 1,734 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryGroupon initiated a multi-phase 2022 Cost Savings Plan that includes a restructuring plan with workforce reductions, with phases approved in August 2022, January 2023 and July 2023.
Word for word“In August 2022, we initiated a multi-phase cost savings plan designed to reduce our expense structure and align with our go-forward business and financial objectives.” 10-K for 2023
Our summaryThe 2022 Restructuring Plan is expected to reduce about 1,150 positions globally, with most reductions completed by March 31, 2023 and the rest expected by the end of 2024.
Word for word“The 2022 Restructuring Plan is expected to include an overall reduction of approximately 1,150 positions globally, with the majority of these reductions completed as of March 31, 2023 and the remainder expected to occur by the end of 2024.” 10-K for 2023
Our summaryGroupon expects total pre-tax charges for the 2022 Restructuring Plan, mostly employee severance and compensation benefits, and has incurred $21.4 million to date.
Word for word“In connection with these actions, we expect to record total pre-tax charges of $22.0 million to $24.1 million.” 10-K for 2023
Our summaryGroupon recorded restructuring and related charges in 2023 that include severance and benefit costs for workforce reductions.
Word for word“Restructuring and related charges represent severance and benefit costs for workforce reductions, impairments and other facilities-related costs and professional advisory fees.” 10-K for 2023
Our summaryGroupon recorded restructuring and related charges of $41.9 million in 2021 under its 2020 Restructuring Plan.
Word for word“Restructuring and related charges 8,006 12,350 41,895 Total operating expenses 468,916 690,639 741,771 Income (loss) from operations ( 18,252 ) ( 167,815 ) ( 4,655 ) Other income (expense), net ( 25,174 ) ( 24,155 ) 92,680 Income (loss) before provision (benefit) for income taxes ( 43,426 ) ( 191,970 ) 88,025 Provision (benefit) for income taxes 9,508 42,410 ( 32,323 ) Net income (loss) ( 52,934 ) ( 234,380 ) 120,348 Net (income) loss attributable to noncontrolling interests ( 2,476 ) ( 3,229 ) ( 1,680 ) Net income (loss) attributable to Groupon, Inc. $ ( 55,410 ) $ ( 237,609 ) $ 118,668 Net income (loss) per share: Basic $ ( 1.77 ) $ ( 7.88 ) $ 4.04 Diluted $ ( 1.77 ) $ ( 7.88 ) $ 3.68 Weighted average number of shares outstanding: Basic 31,243,179 30,166,100 29,365,880 Diluted 31,243,179 30,166,100 33,513,440 See Notes to Consolidated Financial Statements.” 10-K for 2023
Our summaryThe Board approved an exit from the local business in Italy and related restructuring actions.
Word for word“Italy Restructuring Plan July 2024 Board approved exit of the local business in Italy and the related restructuring actions associated with the exit” 10-K for 2024
Our summaryThe Board approved a multi-phase restructuring plan, under which severance and benefit costs for workforce reductions were recorded.
Word for word“2020 Restructuring Plan April 2020 Board approved multi-phase restructuring plan” 10-K for 2024
Our summaryThe Italy subsidiary's board approved exiting the local Italian business and the related restructuring actions.
Word for word“In July 2024, Groupon S.r.l.'s Board approved the exit of the local business in Italy and the related restructuring actions associated with the exit.” 10-K for 2025
Our summaryThe Italy Restructuring Plan cut local positions, and all of the cuts were completed by the end of 2024.
Word for word“The Italy Restructuring Plan included a reduction of 33 positions locally, all of which were completed as of December 31, 2024.” 10-K for 2025
Our summaryGroupon incurred pre-tax charges for the Italy plan, mostly severance and compensation benefits, nearly all paid in cash by the end of 2024.
Word for word“We have incurred pre-tax charges of $ 2.2 million since the inception of the Italy Restructuring Plan, substantially all of which have been paid in cash as of December 31, 2024 and relate to employee severance and compensation benefits.” 10-K for 2025
Our summaryGroupon started a multi-phase cost savings plan, the 2022 Restructuring Plan, to reduce its expense structure.
Word for word“In August 2022, we initiated a multi-phase cost savings plan designed to reduce our expense structure to align with our go-forward business and financial objectives.” 10-K for 2025
Our summaryGroupon recorded total pre-tax charges for the 2022 Restructuring Plan since it began.
Word for word“We have incurred total pre-tax charges of $ 21.2 million since the inception of the 2022 Restructuring Plan.” 10-K for 2025
Our summaryIn 2023, severance and benefit costs under the 2022 plan related to employee terminations.
Word for word“(1) The employee severance and benefits costs for the year ended December 31, 2023 are related to the termination of approximately 470 employees.” 10-K for 2025
Our summaryThe board approved a multi-phase 2020 restructuring plan tied to a strategic shift and COVID-19 cost cutting.
Word for word“In April 2020, the Board approved a multi-phase restructuring plan related to our previously-announced strategic shift and as part of the cost cutting measures implemented in response to the impact of COVID-19 on our business.” 10-K for 2025
Our summaryGroupon recorded total pretax charges for the 2020 Restructuring Plan since it began.
Word for word“We have incurred total pretax charges of $ 104.7 million since the inception of the 2020 Restructuring Plan.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring | Positions eliminated |
|---|---|---|---|---|---|
| 2016-12-31 | — | $40.4 million | $35.5 million | $29.7 million | 900 |
| 2017-12-31 | — | $18.8 million | $18 million | $30.9 million | 750 |
| 2018-12-31 | — | −$136,000 | −$136,000 | $2.8 million | — |
| 2019-12-31 | — | $31,000 | $31,000 | $436,000 | — |
| 2020-12-31 | $38 million | $64.8 million | — | $26.6 million | 1,200 |
| 2021-12-31 | $28.8 million | $41.9 million | — | $33 million | — |
| 2022-12-31 | — | $12.3 million | — | — | — |
| 2023-12-31 | — | $8 million | — | — | — |
| 2024-12-31 | — | $1.1 million | — | — | — |
Groupon filed 3 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Groupon’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-03-10. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.