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Groupon Shedding 1,100 Workers, Global Ops

Group is cutting 1,100 jobs -- mostly in sales and customer service -- and significantly reining in its international operations, TechCrunch reports. As such, the daily deal giant is ceasing operations in Morocco, Panama, The Philippines, Puerto Rico, Taiwan, Thailand and Uruguay. Groupon will take a pre-tax charge of $35 million in the process.
 

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