LivingSocial cuts 10% of workforce but claims travel business "is doing great"
Skift Take
Gutting 10% of the workforce isn't much of a holiday package from LivingSocial. But it does highlight that the winnowing continues in the daily deals sector.
Daily deals company LivingSocial cut 400 jobs, mostly in the U.S., but claims its travel business, Escapes, "is doing great."
The layoffs amount to around 10% of the workforce.
"Escapes is doing great, and there's no change in strategy and focus related to it," said spokesperson Andrew Weinstein, following the layoff news. "Doug Miller [senior vice president, new initiatives] i
