News Summary: LivingSocial cuts 400 jobs

News Summary: LivingSocial cuts 400 jobs worldwide
Associated Press

In this April 29, 2011 photo, Ross Arbes, 24, left, plays ping pong while on break at LivingSocial's offices in Washington. Online deals company LivingSocial announced Thursday, Nov. 29, 2012, it is cutting 400 jobs worldwide, or about 9 percent of its work force, as the deals market continues to face challenges. (AP Photo/Jacquelyn Martin, File)

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