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#project-foundry · How AI Is Reshaping Work

Tracking how AI is reshaping roles, departments, and industries — updated daily.

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Groupon Cuts 400 to Fund Project Foundry, Stock Pops 5%

Groupon filed an 8-K on May 21 announcing up to 400 cuts — about a quarter of its ~1,734-employee base — to fund Project Foundry, its AI-native rebuild. The stock popped 5% premarket on May 27. The COO resigned the same day.

May 28, 2026 —

#groupon#ai-layoffs#project-foundry