Chicago-based online deals company Groupon will cut 1,100 jobs outside the United States over the next 12 months, according to a filing with the Securities and Exchange Commission on Monday.
Groupon’s board decided on the restructuring Sept. 18, according to the filing, which also noted that the job actions will result in total pre-tax charges of up to $35 million, including about $22 million to $24 million in the third quarter of this year.
The cuts are about 10 percent of its workforce and will affect mostly the company’s international operations, not its Chicago headquarters, Crain’s Chicago business is reporting.
Groupon employs about 2,500 in Chicago.
