Expedia to Cut About 1,500 Jobs Globally.

Expedia plans to cut 9% of its global workforce, or about 1,500 jobs, as part of a restructuring to "invest in core strategic areas" amid moderating travel demand. The restructuring follows Expedia's announcement that revenue would moderate in 2024 as air ticket prices drop and CEO Peter Kern stepping down. The company expects total pre-tax charges and cash expenditures associated with the restructuring actions to be between $80 million and $100 million.

February 26, 2024
46 Articles

Further Reading