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flag Expedia to Cut About 1,500 Jobs Globally.

flag 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. flag The restructuring follows Expedia's announcement that revenue would moderate in 2024 as air ticket prices drop and CEO Peter Kern stepping down. flag The company expects total pre-tax charges and cash expenditures associated with the restructuring actions to be between $80 million and $100 million.

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