---
schema_version: "secwatch.filing_event.v1"
accession: "0001490281-23-000005"
form_type: "8-K"
ticker: "GRPN"
cik: "0001490281"
company_name: "Groupon, Inc."
filed_at: "2023-01-30T23:59:59+00:00"
generated_at: "2026-06-20T06:35:06.679978+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Groupon announces second restructuring phase, cutting 500 jobs; expects $100M annual savings

## Summary
- Board approved second phase of restructuring plan on Jan 25, 2023, targeting ~500 global positions.
- Pre-tax charges of $10M-$20M expected, primarily for severance; $9.6M already incurred through 2022.
- Annualized cost savings estimated at $70M from payroll cuts and $30M from non-payroll actions.
- Majority of reductions expected by end of Q2 2023; savings part of broader 2022 Cost Savings Plan.

## SEC filing metadata
- accession: 0001490281-23-000005
- form_type: 8-K
- ticker: GRPN
- cik: 0001490281
- company_name: Groupon, Inc.
- filed_at: 2023-01-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1490281/000149028123000005/0001490281-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1490281/000149028123000005/grpn-20230125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001490281-23-000005
- JSON: https://secwatch.observer/filing/0001490281-23-000005.json
- Plain text: https://secwatch.observer/filing/0001490281-23-000005.txt

## Key facts
- Restructurings & Charges
  Groupon, Inc. announced a restructuring with charges of between $10.0 million and $20.0 million (approximately 500 positions globally).
  - Type: restructuring
  - Charge: between $10.0 million and $20.0 million
  - Headcount: approximately 500 positions globally
  source text: On January 25, 2023, the Board of Directors of Groupon, Inc. (the “Company”) approved the second phase of the Company’s multi-phase restructuring plan (the “2022 Restructuring Plan”), which is part of the Company’s comprehensive cost savings plan, announced in August 2022 (the “2022 Cost Savings Plan”). This second phase is expected to include an overall reduction of approximately 500 positions globally, with the majority of these reductions expected to occur by the end of the second quarter of 2023. In connection with the 2022 Restructuring Plan, the Company has incurred total pretax charges of approximately $9.6 million since the inception of the 2022 Restructuring Plan through December 31, 2022. In connection with the actions under the second phase, the Company expects to record total pre-tax charges of between $10.0 million and $20.0 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1490281/000149028123000005/0001490281-23-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.