Expedia cuts 1,500 jobs globally in the face of slowing travel demand

[Jobhunter]

 

Expedia Group, the leading travel technology company, has announced a significant restructuring effort. The company plans to cut about 1,500 jobs, which constitutes approximately 8% to 9% of its global workforce. This decision is part of Expedia’s strategic move to recalibrate resources and undergo an organizational and technological transformation.

 

As of December 31, 2023, Expedia had a strong workforce of 17,100 employees spread across more than 50 countries. The job cuts are expected to impact the product and technology teams the most. The outgoing CEO, Peter Kern, communicated this decision to the employees, marking a significant shift in the company’s operational strategy.

 

This move comes at a time when the company has warned of moderating revenue in 2024 as air ticket prices drop. 

 

This development raises several questions about the future of the online travel industry. How will this decision impact Expedia’s position in the market? And more importantly, how will this restructuring affect the employees and the overall morale within the company? We’d love to hear your thoughts on this. Do you think this is a strategic move for Expedia’s long-term success or a short-term solution to a deeper issue?

 

 

Read more:

• https://www.geekwire.com/2024/expedia-group-cutbacks-will-impact-1500-roles-this-year-more-than-8-of-workforce/
• https://www.cnbc.com/2024/02/26/expedia-to-cut-about-1500-jobs-in-latest-restructuring-.html
• https://www.foxbusiness.com/economy/expedia-cut-8-workforce-restructuring-effort

 

 

Top image: Rafael Henrique | Dreamstime.com