Bad Deal For Deadbeats: Groupon Weeding Out Weakest Workers

Daily deals site Groupon created its own niche in 2009. It was a nifty idea: local businesses would offer huge discounts to lure in new customers, internet prowlers would nab a basic ballroom class ($15), a sake tasting ($19), or a one-hour facial ($35), and Groupon would take a cut for brokering the deal. But now Groupon is taking another cut -- to 10 percent of its workforce.