About 160 Washington-based LivingSocial employees are part of a plan to lay off hundreds nationwide, the Washington Business Journal reports.

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Reports surfaced Wednesday that the daily deals company would be letting about 400 members of its United States workforce go, a move that was confirmed Thursday, WBJ's Bill Flook reports.

The decision comes after the company posted a $566 million net loss in the third quarter.

The layoffs raise lots of questions about LivingSocial's future after receiving an up to $32.5 million tax break from the D.C. city council in July.