Groupon layoffs today: Hundreds of jobs slashed in latest ‘AI-native’ tech company pivot. Stock price rises

Another tech company has announced that it will lay off a significant number of workers in an effort to become “AI-native.” This time around, it’s Groupon, the legacy discount e-commerce platform that rose to prominence in the early 2010s. Here’s what you need to know about Groupon’s layoffs and its “Project Foundry” AI plans. What’s happened? Last Thursday, the board of Groupon, Inc. (Nasdaq: GRPN) approved a restructuring plan that will see mass layoffs at the company. Thi...