Expedia slashing 1,500 jobs after bleak travel demand forecast, CEO exit
EXPEExpedia Group(EXPE) New York Post·2024-02-27 08:08

Online travel platform Expedia said Monday it was cutting about 1,500 jobs globally, or about 9% of its total workforce, as part of its “organizational and technological transformation.” The restructuring comes after Expedia warned earlier this month that revenue would moderate in 2024 as air ticket prices drop and said CEO Peter Kern was stepping down. “The business continues to evaluate the appropriate allocation of resources to ensure the most important work continues to be prioritized,” an Expedia Group ...