[Latest News] Groupon major fail in China

2 points by tianshuo ↗ HN
News has exploded on China's Twitter (http://weibo.com/n/%E9%AB%98%E6%9C%8B%E5%9B%A2%E8%B4%AD%E5%A4%A7%E8%A3%81%E5%91%98) that this morning Gaopeng's Shanghai offices has cut jobs at most 50% in some departments. Doors were guarded and employees were ordered to format their hard drives and leave within an hour. Network and telephone connections was also cut, and the doors were strictly guarded. Press was not allowed to enter either. Employees are crying and tweeting that Groupon is a ponzi scheme. Employees were baited in by promises of incomes 2-3 times higher than other native clones, but in fact they were given only a marginal increase. Offices in other provinces are on strike and a document on how many jobs will be cut was leaked on the internet.

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