Bloomberg News

Groupon Says It Replaces Poor Performers, No ‘Layoffs Planned’

October 27, 2011

Oct. 27 (Bloomberg) -- Groupon Inc., the daily online coupon seller that plans an initial public offering next week, said it has a policy of replacing poor-performing workers and that it doesn’t have plans for a round of job cuts.

“Groupon does not have layoffs planned,” said Julie Mossler, a spokeswoman for Chicago-based Groupon. The statement came in response to a Reuters report citing Groupon Chief Executive Officer Andrew Mason as telling investors that the company is replacing the worst 10 percent of its sales staff.

“Mason is talking about a performance review process for managing out and replacing low performers that is common among the most efficient sales organizations,” Mossler said. She didn’t say what percentage of employees are replaced.

To contact the reporter on this story: Douglas Macmillan in San Francisco at dmacmillan3@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net


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