Online travel platform Expedia on Monday announced job cuts affecting 1,500 or 9% of its global workforce. This comes as a part of its “organizational and technological transformation”.
“With so much technical achievement over the last 12 months and so much tech debt behind us, we now are obliged to take a close look at roles, skills, teams, and locations to ensure that our resources are focused in the right areas,” Kern wrote in the memo, obtained by GeekWire. “While this review will result in us eliminating some roles, it will also allow us to continue to invest in core strategic areas.”
Expedia Performance
The firm, earlier this month had warned that revenue would moderate in 2024 as air ticket prices drop. Expedia had also announced that CEO Peter Kern is stepping down in May.
“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 Reuters.
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