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.
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