Groupon CEO Kedar Deshpande sent a letter to employees Monday outlining plans to streamline the cost structure, including the “difficult to digest” news of the impending layoffs.

Below is the entire memo that Groupon says Deshpande sent to staff this morning: Team, I’m writing to you with some tough news. Later today, we will publicly be announcing a plan to streamline ...

Groupon CEO Kedar Deshpande sent a letter to employees Monday outlining the plans to streamline the cost structure, including the “difficult to digest” news of the impending layoffs.

CHICAGO (CBS)-- Chicago-based Groupon laid off 500 employees Monday. The departments affected include technology and sales. Groupon chief executive officer Kedar Deshpande shared a notice to all ...

It has been executing a “turnaround strategy” under Kedar Deshpande, former CEO of Zappos, who took the helm of Groupon in December 2021. Last month, ...

In order to position Groupon to successfully execute our turnaround plan, we have to lower our cost structure,” CEO Kedar Deshpande said in a message to employees.

Former Zappos CEO Kedar Deshpande will join Groupon as CEO on Dec. 10. (zappos.com photo) India-West Staff Reporter Groupon, Inc. on Dec. 1 announced its Board of Directors has appointed Indian ...

Kedar Deshpande has stepped down as CEO, and the board has appointed Dusan Senkypl as interim CEO. Deshpande will no longer be on the board but will act as an advisor during the transition.

He replaces Kedar Deshpande, who had been Groupon’s CEO for just 15 months. Before Groupon, Deshpande was an exec at Zappos for more than a decade, and after he took the Groupon job, ...

In 2020, a few months before his death, Zappos co-founder Tony Hsieh left the CEO role, and Kedar Deshpande took over. In late 2021, Deshpande departed the company for Groupon, ...

ICICI Securities on Friday announced that Kedar Deshpande, Head – Retail Distribution, has tendered his resignation from the services of the company. The resignation, it added, will take effect ...