Booking Holdings said Friday after market close that it is planning organizational changes at its Booking.com unit, including a cut in the workforce as well as process and systems modernization.
In a regulatory filing the company said it also wants to optimize procurement and is seeking savings from real estate.
“We believe these efforts will improve operating expense efficiency, increase organizational agility, free up resources that can be reinvested into further improving our offering to both travelers and partners and better position the company for the long term. We will be consulting with works councils, employee representatives and other relevant organizations and expect to develop more clarity on these organizational changes, including with respect to timing, expected impact on employees, financial impact and other aspects of the contemplated changes in due course,” the company said.
In an additional statement, Booking Holdings said:…
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