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<blockquote data-quote="texan" data-source="post: 1060665" data-attributes="member: 38206">LivingSocial expected to lay off 400 in U.S.LivingSocial Inc. is slated to launch a major round of layoffs Thursday, with as many as400 job cuts expected across its U.S. workforce, according to sources with knowledgeof the daily deal giant’s plans.Those cuts are expected to span a wide range of positions and markets, including inLivingSocial’s home turf of D.C., the sources said.It is not known how many will occur in D.C., where LivingSocial maintains sixoffices downtown.The layoffs raise a host of questions about the future. First and foremost: LivingSocial in July wonan up-to $32.5 million tax break from the D.C. Council on the promise that it would staybased in D.C.The legislation calls on the company not only to maintain and expand its 1,000-employeebase in the District, but to move into a new headquarters of at least 200,000 square feet.<a href="http://www.bizjournals.com/washington/blog/techflash/2012/11/major-layoffs-set-for-livingsocial.html" target="_blank">LivingSocial expected to lay off 400 in U.S. - Washington Business Journal</a></blockquote>

[QUOTE="texan, post: 1060665, member: 38206"] [B]LivingSocial expected to lay off 400 in U.S. LivingSocial Inc. is slated to launch a major round of layoffs Thursday, with as many as 400 job cuts expected across its U.S. workforce, according to sources with knowledge of the daily deal giant’s plans. Those cuts are expected to span a wide range of positions and markets, including in LivingSocial’s home turf of D.C., the sources said. It is not known how many will occur in D.C., where LivingSocial maintains six offices downtown. The layoffs raise a host of questions about the future. First and foremost: LivingSocial in July won an up-to $32.5 million tax break from the D.C. Council on the promise that it would stay based in D.C. The legislation calls on the company not only to maintain and expand its 1,000-employee base in the District, but to move into a new headquarters of at least 200,000 square feet. [URL='http://www.bizjournals.com/washington/blog/techflash/2012/11/major-layoffs-set-for-livingsocial.html']LivingSocial expected to lay off 400 in U.S. - Washington Business Journal[/URL] [/B] [/QUOTE]

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