Groupon to Cut Up to 400 Jobs; COO Jiri Ponrt to Resign

Groupon approved a restructuring plan related to a previously announced strategy to rebuild itself as an AI-native company, the initial phase of which is seen including up to 400 job cuts.

• Increases FY adjusted Ebitda guidance to $75m to $80m in association with changes; saw $70m to $75m
  • Payroll actions estimated to result in $20m to $25m in annualized cost savings
  • Expects to incur pretax charges of $7m to $13m
  • Restructuring plan to generate ~$5m net savings in FY 2026
• COO Jiri Ponrt to resign effective July 10
• Currently evaluating additional material cost-reduction and automation actions as part of restructuring ...