Photo: Charles Rex Arbogast / AP
All of the 30 employees Sweden-office received the news on Monday morning, according Breakits sources.
According to information is also closed operations in Denmark, Norway and Finland down. The actual sites to go to the grave later in the week, reportedly Breakit.
Earlier this year we reported on widespread dissatisfaction among the employees of the company. In the time around it ended with both Nordic-cephem Saira Gill and manager for Northern Europe, Roy glowering, got fired.
Groupon business model is to offer consumers targeted rebates from such as hotels, who would rather sell at a discount than let a room to be empty overnight. Off site gets paid when it manages to convey a consumer to any of its customers (in our example the hotel).
American Groupon was a great success in 2011 when the company went public. It was the largest listing of an Internet company since Google’s listing in 2004.
Since then, however, Rabat service got tougher competition. In Sweden, Schibsted-owned Let’s deal, which was founded by Alexander Hars and Lars Karlsson, the market leader in the segment.
While Managers has come and gone, the income of Groupon Sweden decreased sharply .
Declining sales have been a problem for the group in Europe, Middle East and Africa (EMEA) of the Act. In the consolidated quarterly report for the period June-September state company that sales fell by nearly 20 percent compared with the same period last year.
Another sign that the company could be affected by the closure is extensive cuts globally. The US tech site Recode reported earlier this fall that Groupon gave notice 1,100 employees globally and closed down its operations in nine different countries in Asia, Africa, Europe and South America.
in 2013 had sales on Swedish branch of the company of SEK 100 million. Someone’s annual report for 2014 has not been presented yet.
Breakit looking Groupon for comment.
Discontent is growing among employees on Groupon in Sweden
So went Let’s deal-founder of broke into double startups success
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