Groupon AI layoffs

Timeline

1. May 26, 2026−400 cut
   ExplicitRetail · USCopy link

   Up to 400 employees and contractors (~23-25% of ~1,734 employed workforce) under 'Project Foundry', disclosed in an SEC 8-K. Expected $20-25M annual savings with up to half of 2026 savings reinvested in marketing, AI infrastructure and talent; stock rose ~9% on the news.

   Groupon SEC filing: the restructuring will 'rebuild the Company as an AI-native company' and 'transform our operating model by embedding AI agents into the core of every function.'

   Sources:

   • PYMNTS: Groupon Cuts 400 Jobs to Fund AI Pivot
   • Fast Company: Groupon layoffs today: jobs slashed in AI-native pivot, stock rises