Groupon has announced that it’s shutting down in another slate of countries, all Nordic.
The e-commerce site announced that it’s halting business in Sweden, Denmark, Norway, and Finland, TechCrunch reported. The news comes as Groupon recently laid off 1,100 employees in September and promoted Rich Williams to CEO. Earlier in November, the news and weaker-than-expected guidance caused the stock to fall sharply.
“As we continue our operational and strategic focus to simplify and streamline our international business, we are assessing our international portfolio to determine which assets can contribute to our long-term vision of aggressive, profitable growth,” said a spokesperson in an emailed statement to Techcrunch. “After careful consideration Groupon will discontinue its operations in Sweden, Denmark, Norway and Finland as of 16 November 2015.”
The spokesperson added, “We will work closely with our merchants and customers to ensure that all Groupon commitments are met. Our focus is also on our staff in this market and supporting them fully at this time.”
Coins2Day has reached out to Groupon for additional comment.
The move comes as there have been other recent closures in countries including Morocco, Panama, the Philippines, Puerto Rico, Taiwan, Thailand and Uruguay, according to TechCrunch.