Photo by Donnie Weatherhead

LivingSocial is laying off half of its employees, meaning 160 people will lose their jobs.

This comes after the D.C.-based daily deals site cut 20 percent of its workforce in October 2015, less than a year after cutting 20 percent of its workforce in November 2014.

In a blog post titled “LivingSocial completes initial phase of turnaround,” President and CEO Gautam Thakar writes, “It has been a tougher journey than I would have liked, but we have remained focused over the last year on the initial goal of being breakeven in our voucher business.”

This “initial phase of turnaround” will result in 40 lost jobs at D.C. headquarters, as well as a pink slip for 120 remote workers, according to DCInno.

LivingSocial once said that company growth would mean as many as 2,000 jobs in the District—part of a controversial $32.5 million tax break deal brokered with the company by then-Mayor Vincent Gray. But they haven’t hit the goals necessary to take advantage of the tax incentives.