Image via PYMNTS
Groupon: Layoffs
Groupon announced 400 job cuts in May 2026 as part of AI-driven workforce restructuring across the technology sector.
Source: PYMNTS
The leadership read
Workforce moves like this mark the contracting side of technology hiring conditions.
Market context: Backdrop: a 98.6 (Neutral) Talent Market Index (down 1.4 on the month) with Americas activity easing (-2.6pts).
Groupon: 1 signal in the last 90 days — in line with the Technology median of 1 across 191 tracked companies; 0.1% of MitchelLake's Americas signal flow.
MitchelLake in this thematic
Our work · 2019
VP Sales (US) / CEO
Multiple (Longtail UX, Genbook)
Americas · Technology/SaaS · founder-transition · international-expansion
Our work · 2020
Chief Technology Officer
Splitit
Americas · Fintech · payments · fintech
Our work · 2019
CEO
Everguard
Americas · Computer Vision Technology · computer vision · bcg digital ventures
From the MitchelLake archive
More signals across Technology
Leadership Change · Americas
Allbirds →Allbirds appointed new CEO Nadia Carlsten, who previously built an NVIDIA-powered supercomputer. The company is pivoting from footwear to become Smartbird, an AI infrastructure startup targeting the mid-market.
Geographic Expansion · Americas
Nokia →Nokia is expanding its advanced test and packaging facility in Allentown, Pennsylvania, increasing production capacity by up to 10x and nearly doubling workforce to 500+ employees. Total investment of ~$30 million with $14 million in public support (state and federal CHIPS Act credits). Facility will be one of few US-based advanced photonic chip packaging operations for AI and telecom infrastructure.
Product Launch · Americas
SevenRooms →SevenRooms launched Channel Connect on June 16, 2026 - a free tool that automatically syncs reservation data from multiple restaurant platforms, solving multi-platform management challenges for hospitality venues.
Partnership · Americas
Schneider Electric →Schneider Electric partnered with Foxconn to develop pre-integrated AI data center infrastructure with production starting later in 2026. Partnership combines Foxconn's AI servers/manufacturing with Schneider Electric's power, cooling, and energy management capabilities.
Capital Raising · Americas
Barings →Barings partnered with 13th Floor Investments to secure $134M construction loan for Crescendo residential tower at Link at Douglas in Miami
Partnership · Americas
DXC →DXC announced a multi-year global partnership with Anthropic to integrate Claude AI into business-critical enterprise systems. DXC is a Global Premier partner in the Claude Partner Network developing specialized AI offerings for key sectors.
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