(Charles Rex Arbogast/AP Photo)
(Charles Rex Arbogast/AP Photo)
(Charles Rex Arbogast/AP Photo)

(Chicago Tribune) – Groupon, once believed by many to be a catalyst for Chicago’s technology scene, evokes more concern than awe from some observers these days. It announced 1,100 layoffs Tuesday as it pulls back its global footprint but spares its Chicago headquarters.

The flagging e-commerce company pioneered a daily deals business in 2008 but is distancing itself from that model in favor of building a marketplace of goods and local services. Groupon also announced plans to cut nearly 10 percent of its workforce and pull out of seven countries.

The cuts are part of a restructuring of Groupon’s international operations expected to be completed by September 2016.

Groupon did not make CEO and co-founder Eric Lefkofsky available for comment. He has served in the role since 2013, when he took over for the company’s beleaguered original chief executive, Andrew Mason.


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