Travel giant Expedia is cutting 1,500 jobs, or roughly 9% of its workforce, throughout this year as it invests in the company’s growth. The travel giant’s brands include booking service Expedia, vacation rental service Vrbo, and hotel booking services Hotels.com and Trivago.
“Given the recent completion of many significant technical milestones in Expedia Group’s transformation, the business continues to evaluate the appropriate allocation of resources to ensure the most important work continues to be prioritized,” an Expedia Group spokesperson told FOX Business in a statement.
The spokesperson said that as a result, in 2024, the company will review its operations, resulting in workers impacted across the globe. The statement claims the cuts will allow the company to “invest in core strategic areas for growth.”
Paperwork was filed with the United States Securities and Exchange Commission and signed by Julie Whalen, the company’s chief financial officer. It…
