Tourexpi
US-based online travel platform Expedia said Monday
that it plans to cut 1,500 jobs globally as it evaluates the appropriate
allocation of its resources.
"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," it said in a
statement. "As a result, this year, we will be reviewing our operations,
which we expect will result in approximately 1,500 roles being impacted across
the globe."
"While this review will result in the
elimination of some roles, it also allows the company to invest in core
strategic areas for growth. Consultation with local employee representatives,
where applicable, will occur before making any final decisions," it added.
Total pre-tax charges and cash expenditures
associated with the restructuring plan are expected to be $80 million to $100
million, most of which will be employee severance and compensation benefits
costs, Expedia said in a filing to the US Securities and Exchange Commission.
The Seattle firm operates travel metasearch engines
including Expedia, Hotels.com, Orbitz and Trivago with more than three million
lodging facilities and flights on over 500 airlines bookable on its websites.
Dozens of companies in the US technology sector
have been cutting jobs since the final quarter of last year as they struggle
with lower income and falling advertisement revenue.
DocuSign, Snap, Uber, Reddit, Disney, 3M, Amazon,
Yahoo, Affirm, Zoom, Dell, IBM, Microsoft, Salesforce, PayPal and Google's
parent company, Alphabet, have laid off workers by the thousands since the last
quarter of 2023.
Image
Credit: © AA
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