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Deals site LivingSocial cuts 400 jobs worldwide

Ross Arbes, 24, plays Ping-Pong while on break

Photo credit: AP | Ross Arbes, 24, plays Ping-Pong while on break at LivingSocial's offices in Washington. LivingSocial announced Nov. 29, 2012, it is cutting 400 jobs worldwide, or about 9 percent of its workforce, as the deals market continues to face challenges. (April 29, 2011)

Online deals company LivingSocial is cutting 400 jobs worldwide, or about 9 percent of its workforce, as the deals market continues to face challenges.

LivingSocial spokesman Andrew Weinstein said Thursday that all but a few dozen of the cuts are in the United States. The company's sales force faced the highest number of cuts, while others are in customer service and editorial, the people...

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