LivingSocial cuts 400 jobs worldwide - Los Angeles News | FOX 11 LA KTTV

LivingSocial cuts 400 jobs worldwide


NEW YORK (AP) - Online deals company LivingSocial says it is cutting 400 jobs worldwide, or about 9% of its work force. The move comes as the deals market continues to face challenges.

LivingSocial spokesman Andrew Weinstein says all but a few dozen of the cuts are in the United States. Sales has the highest number of cuts, and others are in customer service and editorial. LivingSocial says it is moving its customer service operations to Tucson, Ariz., from Washington, where it has its headquarters.

The move comes a day after the CEO of rival Groupon Inc., Andrew Mason, said "it would be weird" if his board wasn't discussing whether he was the right guy for the job amid the company's poor stock performance. His possible ouster was reported by AllThingsD and elsewhere.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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