Groupon to Cut 400 Jobs for $20M–$25M Savings, Raises EBITDA Outlook
GRPN•Groupon will eliminate up to 400 jobs globally by the end of its fiscal third quarter, targeting $20 million to $25 million in annual payroll savings. The company raised its 2026 adjusted EBITDA forecast to $75 million–$80 million and plans to reinvest savings into AI infrastructure and marketing.
1. Restructuring Plan and Job Cuts
Groupon’s board approved the initial phase of restructuring to reposition the company as an AI-native business, which includes cutting up to 400 jobs worldwide by the end of the third quarter.
2. Cost Savings and Reinvestment Strategy
The company expects payroll reductions to yield $20M–$25M in annual savings, a portion of which will fund AI infrastructure upgrades, enhanced marketing systems and strategic hiring initiatives.
3. Raised EBITDA Forecast and Leadership Change
Groupon lifted its 2026 adjusted EBITDA outlook to $75M–$80M from $70M–$75M and confirmed that COO Jiri Ponrt will depart the company effective July 10, as it evaluates further efficiency measures under Project Foundry.
