Groupon’s Venture in China Is Said to Fire Employees for Poor Performance – Bloomberg

Groupon MyCityDeal

Image via Wikipedia

Groupon Inc.’s China joint venture has fired a large number of workers for poor performance as the company competes for customers in the world’s largest Internet market, a person with knowledge of the matter said.

The Gaopeng.com site is financially viable and still hiring, said the person, who declined to be identified because the moves weren’t announced publicly. The firings weren’t made out of necessity, the person said.

Groupon, which plans an initial public offering, is making “progress” in China after opening Gaopeng.com earlier this year with investment by Tencent Holdings Ltd. 700, Groupon Chief Executive Officer Andrew Mason said in June. Gaopeng, also backed by Yunfeng Capital, a private equity fund begun by Alibaba Group Holding Ltd. Chairman Jack Ma, offered daily deals for goods and services in 30 cities as of June.

“Groupon’s approach to international expansion is to aggressively create a large presence upfront and refine our strategy as we gain deeper insight into the local market,” Julie Mossler, a spokeswoman for Chicago-based Groupon, said in an e-mailed statement. “We view any adjustments to the business as very typical in order to build a long-term foundation for success.”

via Groupon’s Venture in China Is Said to Fire Employees for Poor Performance – Bloomberg.

Strange Random Human Resources Quote:

When people work in a place that cares about them, they contribute a lot more than duty. – Dennis Hayes

Enhanced by Zemanta
Advertisements

Posted on August 24, 2011, in Article and tagged , , , , , , , , . Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: