
LivingSocial Lays Off 400 as Daily Deals Lag
Bet you thought the next big story in the ailing daily deals business was going to be Andrew Mason’s ouster. And yet, it’s a competitor making headlines: Bloomberg News reports that LivingSocial has laid off 400 of its 4,500 employees. That’s about 9 percent of its staff, for those keeping score at home. Read More

