Deals sites stopped being fun some time ago, and now the companies that staked their entire existence on local coupons are feeling the burn. And then there's LivingSocial, which is feeling the burn because it's setting its own shirt on fire.
Everything I've gathered from employees, current and former, and headlines like this:
They announced only the full-time layoffs. They neglected to mention the total number of part-timers who are axed (and that's a lot of people who used this as a secondary stream of income - both young and old.) That number is in the hundreds.
"This is another example of LivingSocial not being able to execute on things. There's a ton of other initiatives that have gone by the wayside - Room Service, Takeout & Delivery, Instant, Merchant Services"
Funny to note just how much money LivingSocial has spent outfitting each office to be "FUN!" only to shutter them. Three in DC, Seattle, NY. In fact, NYC was renovated less than a year ago.