LivingSocial Is Laying Off More Than 50 Percent of Its Staff

LivingSocial is laying off around 280 employees in the latest move aimed at trying to stanch the bleeding at the one-time e-commerce darling and Groupon foe. The layoffs account for between 50 percent and 60 percent of the current staff, though around 120 of those jobs in customer service will be replaced through outsourcing. LivingSocial will employ around 200 to 225 people after the cuts.

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