Local Business Alert

LivingSocial plans to lay off hundreds in U.S., company sources say

LivingSocial plans to lay off as many as 400 U.S. employees, including some in the District where it is headquartered, according to sources inside the company.

The cuts would represent a sudden U-turn from earlier this year, when the online daily deals venture said it was hiring multiple people each day and was adding new office space every few months in the District.

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