/// Group Commerce Confirms 31 Layoffs as It Withdraws From Local Deals
New York-based Group Commerce , which runs a daily deals platform for media companies, has laid off 31 people, or roughly 30 percent of its 109-person staff. BusinessInsider first reported the news , confirmed by CEO Jonty Kelt in an email to AllThingsD . The layoffs mean that Group Commerce will no longer source deals locally, and instead will focus on national offers. “We incurred the cost of sourcing local offers, yet did not have control over distribution,” he said, which in turn meant it couldn’t control its revenue.
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Group Commerce Confirms 31 Layoffs as It Withdraws From Local Deals