August 27, 2016 9:30 PM ET

Internet Software and Services

Company Overview of LivingSocial, Inc.

Company Overview

LivingSocial, Inc. operates an online local marketplace to buy and share things to do in Darwin. The company deals in various categories, such as restaurants, events and activities, sports and fitness, health and beauty, and services; travel; shop, including beauty, fashion, gadgets, home, jewelry, learning, wellness, and coupons; gifts for housewarming, congratulations, thank you, birthday, wedding, and anniversary; and coupons. It serves various businesses, such as local merchants, national brands, merchant centers, and affiliates. LivingSocial, Inc. was formerly known as Hungry Machine Inc. The company was founded in 2007 and is based in Washington, District Of Columbia.

1445 New York Avenue NW

Suite 200

Washington, DC 20005

United States

Founded in 2007

Phone:

202-408-1745

Fax:

202-347-3638

Key Executives for LivingSocial, Inc.

President of the Board of Directors, Chief Executive Officer and President
Co-Founder and Chief Technology Officer
Co-Founder and Chief Information Officer
Chief Financial Officer
Executive Vice President of Business Operations
Compensation as of Fiscal Year 2016.

LivingSocial, Inc. Key Developments

LivingSocial, Inc. Shutting Down Arizona Operations as Part of Massive Layoffs

LivingSocial Inc. completely shuttering its Arizona operations in Tucson as part of massive layoffs. The company is laying off 56% of its workforce. That translates to about 280 employees, including all 120 that work at its Tucson call center. Other job cuts include 85 that work at LivingSocial's Washington D.C. office as well as 75 employees who work remotely.

LivingSocial Cuts 20% of Staff

LivingSocial announced that it was cutting a further 20% of its workforce as it transitions to become an experiences marketplace. The cuts will affect some 200 employees. The latest reorganization is part of the company's shift away from the segment offering online discounts and coupons for retailers and goods.

LivingSocial Appoints Nick Macey as Senior Vice President and Head of Product

LivingSocial announced the appointment of Nick Macey as Senior Vice President and Head of Product. Macey will report to President and CEO Gautam Thakar. Prior to LivingSocial, Macey served as Chief Product Officer at Rosetta Stone, where he oversaw the expansion of its product portfolio beyond language learning, with a focus on premium, personalized learning products.

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LivingSocial, Inc., UK and Ireland Operations
 

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