Groupon, a global e-commerce marketplace, has announced it is shutting down operations in Morocco and six other countries, with over 1000 employees losing their positions in the process.
The move, which would help it focus better on its resources and streamline its international operations, became inevitable as the company was spending a lot of money in bringing its technology, tools and marketplace to every one of the countries where it operates.
“Let’s be clear: these are tough actions to take, especially when we believe we’re stronger than ever. We’re doing all we can to make these transitions as easy as possible, but it’s not easy to lose some great members of the Groupon family,” says a message on Groupon’s blog.
Other countries affected by the shutdown, which the company termed “broad restructuring actions” include Panama, The Philippines, Taiwan, Thailand and Uruguay. The company had earlier exited Greece and Turkey.
The “broad restructuring actions” will not in any way change the Groupon’s mission, which is to connect local commerce and deliver great deals to customers and real value to merchants.
Groupon, launched in November 2008 and headquartered in Chicago, is a leading global e-commerce marketplace connecting millions of subscribers in more 45 countries to merchants offering activities, goods, travel and services
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