Groupon to Cut 1,100 Jobs Globally

Groupon Inc (NASDAQ:GRPN) , the operator of daily deals website groupon.com, said it planned to cut about 1,100 jobs globally as part of a restructuring plan.

Groupon said on Tuesday it expected to incur pretax charges of up to $35 million, including about $22 million-$24 million in the third quarter of 2015, related to the job cuts.