Group Commerce Confirms 31 Layoffs as It Withdraws From Local Deals

New York-based Group Commerce, which runs a daily deals platform for media companies, has laid off 31 people, or roughly 30 percent of its 109-person staff. BusinessInsider first reported the news, confirmed by CEO Jonty Kelt in an email to AllThingsD. The layoffs mean that Group Commerce will no longer source deals locally, and instead will focus on national offers. “We incurred the cost of sourcing local offers, yet did not have control over distribution,” he said, which in turn meant it couldn’t control its revenue.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik