Update: The CEO sent an email (below) confirming the layoffs Thursday morning. A source tells Valleywag that LivingSocial just announced 20 percent layoffs at the company. The "online marketplace" for local deals raised $934.7 million in venture capital. Earlier this year the company invested heavily in recruiting for its Los Angeles office, but the source says that office will be closed. I reached out to LivingSocial to confirm the layoffs and will update when I hear back.

The corporate clown car that is LivingSocial faced another meltdown yesterday. According to the Washington Post, the daily deal site's Chief Marketing Officer was convicted of assaulting a woman in a D.C. Four Seasons bar. The 52-year-old executive, Barry Judge, faces up to 180 days in jail.

Everyone's former favorite "daily deals" site from several years ago just posted terrible news for investors: a net loss of $183 million for 2013.

This probably would have been a better move before the entire company started to implode, but I'm no businessman: LivingSocial CEO Tim O'Shaughnessy is quitting his dying company.

Signs your tech company is doing very well: one of your VPs and head of sales is now starring in what will surely be a terrible piece of television programming. Meet Jenny from LivingSocial, y'all.

At least it wasn't blackface, I guess: failing Groupon clone LivingSocial hosted a swarm of Washingtonians in its offices this past weekend, and didn't think decorating a "sin of greed" room with dreidels would bother anyone.

After pushing stale meme-themed packages and offering up its own property for weddings, we've now maybe reached the point at which they just stop caring about everything: today's featured deal is a trip to a part of the United States ravaged by one of the worst floods in history.

Washington's fading "local deals" portal, darling of the year 2010, is officially one step above holding a bake sale: you can now throw your wedding at LivingSocial's digs. Event planning is the ultimate pivot.

No one likes flash deal sites anymore: the fad is over among people who buy things, and the ripoff is apparent for people who sell. We all want out—except those stuck running the sale operations, and an internet meme lady from several months ago.

Deals sites stopped being fun some time ago, and now the companies that staked their entire existence on local coupons are feeling the burn. And then there's LivingSocial, which is feeling the burn because it's setting its own shirt on fire.

More bad news for the struggling Groupon clone: 50 million users just got their personal information jacked by hackers. How hard is Amazon regretting ever getting wrapped up in this thing?