Expedia Group on Monday said that it will cut about 1,500 jobs, or roughly 8% of its workforce, as part of its latest restructuring effort.
The travel technology company, which aggregates travel fares and allows users to book flights and lodging from its platforms, had about 17,100 employees in over 50 countries at the end of last year. Expedia Group operates Expedia.com and also serves as the parent company of brands including Vrbo, Hotels.com, Orbitz, Hotwire and Travelocity, among others.
Expedia Group said in a regulatory filing that it expects the restructuring will result in about $80 million to $100 million in total pre-tax charges and cash expenditures, most of which will go to employee severance and compensation benefit costs.
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“Given the recent completion of many significant technical milestones in Expedia Group’s…
