According to reports, Booking Holdings is considering laying off employees from its travel platform. The news agency Reuters claims that these possible layoffs are a component of a comprehensive study that aims to restructure the company. Booking Holdings stated in an email statement that no final decisions have been taken and that the review is still in its early phases.
This comes after the company’s latest financial report revealed that operating expenses for the third quarter increased by 13.6%.
Other Booking Holdings businesses, including Priceline, Agoda, Kayak, and OpenTable, are not anticipated to be affected, despite the possibility of layoffs at Booking.com. A representative stressed that Booking.com would be the only target of the reorganisation efforts.
Nearly 23,600 people were employed by Booking Holdings at the end of 2023. The business stated in a recent statement with the US Securities and Exchange Commission (SEC) that these changes are meant to…
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