The online travel company, which also owns brands such as VRBO and Hotels.com, said that it was committed to “restructuring actions” that resulted in the layoffs.
In a significant move within the online travel industry, Expedia Group has announced a reduction of approximately 1,500 jobs globally, which accounts for about 9% of its total workforce. This decision is part of the company’s broader initiative towards an organizational and technological transformation aimed at aligning its resources more effectively with its strategic priorities.
Expedia’s CEO Peter Kern
This development follows Expedia’s earlier cautionary statement this month, forecasting a moderation in revenue growth for 2024, attributed to declining air ticket prices. Additionally, the company has confirmed the departure of CEO Peter Kern, signaling a pivotal period of transition and reevaluation of its operational strategies.
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