Tippr Reportedly Cuts Number of Employees as Daily Deals Sector Poised for Change


Tippr – a daily deals site – has cut its number of employees from about 120 to approximately 90 in recent weeks, TheStreet reported.

The employees who were let go worked in “merchant acquisitions” which finds the offered deals, TheStreet added.

Tippr also told TheStreet it wants to center on increasing the “technology group” instead of the sales force.

Tippr has received $9 million in investment funding, led by RRE Ventures, according to news reports.

Recently, Tippr acquired DealPop and Chitown Deals. Tippr is now offering its services in 17 U.S. cities, such as Atlanta, Austin, Chicago, Philadelphia and San Diego, TheStreet said.

Tippr was launched in February 2010, according to the company’s website.

In a related matter, another daily deals company, BuyWithMe, has cut the number of its employees and may be acquired by Gilt Groupe, The Street says.

Also, Tippr has partnered with Google Offers so Tippr will be available in new locations, starting around San Francisco.

"The expansion of our affiliate network through Google Offers provides merchants with valuable exposure, while giving Google Offers subscribers access to extremely targeted offers," Martin Tobias, CEO of Tippr said in a company statement. "Google Offers has everything it takes to achieve group buying success – a loyal and targeted audience and familiar environment, coupled with enormous industry credibility."

Google Offers will send out daily deals from Tippr, as well as at least 14 other daily deal sites, according to Reuters.

Meanwhile, Groupon, the most prominent daily deals company, is expected to have an IPO in November. It is expected to raise about $540 million from the public offering. Groupon is valued at about $12 billion, less than half of an earlier valuation.

Groupon raised $392.6 million in revenue during the second quarter of 2011, contrasted with $1.2 million raised during the same quarter in 2009, according to a story from the Chicago Tribune appearing on TechZone360.

Ed Silverstein is a TechZone360 contributor. To read more of his articles, please visit his columnist page.

Edited by Rich Steeves

TechZone360 Contributor

Related Articles

Coding and Invention Made Fun

By: Special Guest    10/12/2018

SAM is a series of kits that integrates hardware and software with the Internet. Combining wireless building blocks composed of sensors and actors con…

Read More

Facebook Marketplace Now Leverages AI

By: Paula Bernier    10/3/2018

Artificial intelligence is changing the way businesses interact with customers. Facebook's announcement this week is just another example of how this …

Read More

Oct. 17 Webinar to Address Apache Spark Benefits, Tools

By: Paula Bernier    10/2/2018

In the upcoming webinar "Apache Spark: The New Enterprise Backbone for ETL, Batch and Real-time Streaming," industry experts will offer details on clo…

Read More

It's Black and White: Cybercriminals Are Spending 10x More Than Enterprises to Control, Disrupt and Steal

By: Cynthia S. Artin    9/26/2018

In a stunning new report by Carbon Black, "Hacking, Escalating Attacks and The Role of Threat Hunting" the company revealed that 92% of UK companies s…

Read More

6 Challenges of 5G, and the 9 Pillars of Assurance Strategy

By: Special Guest    9/17/2018

To make 5G possible, everything will change. The 5G network will involve new antennas and chipsets, new architectures, new KPIs, new vendors, cloud di…

Read More