Another tech company says it will cut jobs amid pivot to AI
Groupon has announced plans to cut up to 400 jobs, representing nearly 25% of its workforce, as part of a shift towards artificial intelligence. This decision follows a disappointing performance in the previous quarter and is part of a broader trend in the tech industry, where many companies are restructuring to incorporate AI. The layoffs are expected to cost Groupon approximately $13 million but will save the company over $20 million annually.
- ▪Groupon will cut up to 400 jobs as part of a restructuring plan to become AI-native.
- ▪The layoffs represent nearly 25% of Groupon's worldwide workforce.
- ▪Since 2022, over 800,000 tech workers have been laid off, with a significant increase in cuts this year.
- ▪Groupon's shift towards AI aims to better serve customers and merchants.
- ▪The layoffs will cost Groupon about $13 million but are projected to save over $20 million annually.
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| Original publisher | Los Angeles Times |
| Canonical URL | https://www.latimes.com/business/story/2026-05-29/another-tech-company-says-it-will-cut-hundreds-of-jobs-amid-pivot-to-ai |
| Publication time | Fri, 29 May 2026 17:44:21 +0000 |
| Retrieval time | 2026-05-29T17:50:02.698Z |
| Last seen | 2026-05-29T17:50:02.698Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | y0PdI8ThhX2- |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
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| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
Groupon’s headquarters in Chicago. (Chicago Tribune / TNS) By Lily Wright Connect May 29, 2026 3 AM PT 4 3 min Click here to listen to this article Share via Close extra sharing options Email Facebook X LinkedIn Threads Reddit WhatsApp Copy Link URL Copied! Print 0:00 0:00 1x This is read by an automated voice. Please report any issues or inconsistencies here. Layoffs have continued with another tech company saying it was cutting people to enable it to use more artificial intelligence. Groupon announced in a security filing this month that it will cut up to 400 jobs, or nearly 25% of its worldwide workforce, as part of a broader restructuring plan to make the platform AI-native.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Los Angeles Times.