Two online travel giants have joined a plethora of other companies in reducing their workforce to survive the COVID-19 pandemic.
Kayak and OpenTable have laid off, furloughed or handed out reduced hours to at least 400 of their employees.
The companies, owned by Booking Holdings, had flagged a tremendous drop in revenue from the COVID-19 pandemic. According to Skift, it marks the first reported job cuts at Booking Holdings linked to the coronavirus.
In a letter to employees, obtained by Skift, Kayak and OpenTable chief executive Steve Hafner said: “We did everything we could to avoid these steps, but our revenue has dropped tremendously from the COVID-19 crisis.
“And despite our hopes for a quick recovery, most experts now predict a prolonged downturn.
“It’s time to adjust the team accordingly – like so many others in the travel and dining industry.”
Of those impacted, 160 will be laid off, while 240 are subject to furloughs or reduced work hours.
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