What are you supposed to do when you pull out plastic to buy something at a store these days? You’ve probably noticed that plenty of stores have terminals that have a slot for chip-enabled credit cards, but sometimes when you try to use it, an anxious store clerk will yell something like, “Nope, we don’t take chips yet. Please swipe.” Back in October, a much-ballyhooed deadline marked the great switch from old-fashioned magnetic stripe cards to newer EMV chip credit cards. Well, that was the plan anyway. Despite some slow, steady progress, most of us are still swiping our stripes instead of dipping our chips several times each week.
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Despite some recent reports that fortunes at flash-sale pioneer, come eCommerce marketplace Groupon have been turning around, belt-tightening apparently persists in the form of layoffs.
Groupon’s restaurant software company, Breadcrumb, has laid off about 25 employees, which is basically a third of its total headcount. Those cuts aren’t speculation; Groupon has officially confirmed them with BuzzFeed News. This is yet another round of job cuts, following a 20-position slash in August. Before the cuts started, Breadcrumb was the employer of 100 people; the staff has been more than halved in under a year. |
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April 2022
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