livingsocialAmazon.com-backed LivingSocial, the Washington D.C.-based daily deals site, has shut down its Seattle office. The news was first reported by Forbes and we’ve reached out to the company for confirmation.

Less than 40 employees who worked at the office were not let go, but rather told to work from home, Forbes reported. The company is still hiring for three positions in the Seattle area.

After turning a $156 million profit in the first quarter of this year, LivingSocial posted a $44 million loss last quarter. This all comes after the company laid off 400 staffers in November 2012, with half of the employees at the Seattle let go.

That big layoff came after Amazon.com reported a 2012 third quarter loss of $274 million, with the online retailer tossing some of the blame on its investment in LivingSocial. According to Amazon, more than half of its losses for that quarter, roughly $169 million, were tied to the Groupon rival, which boasts a 29 percent ownership stake from Amazon.

Despite that, Amazon led LivingSocial’s most recent round with a $56 million investment.

Comments

  • Guest

    As Yahoo! is banning telework, LivingSocial is doubling down. I’d be curious to see which company benefits more in the coming year.

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