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
The most interesting news
US opens investigation into Delta Air Lines amid widespread disruptions
Transportation secretary says agency wants to hear from passengers who believe airline did not comply with protection requirements during disruptions.
Qatar Airways Unveils Highly Anticipated ‘Qsuite Next Gen’
Qatar Airways Group Chief Executive Officer Engr. Badr Mohammed Al-Meer revealed the new Qsuite alongside Sama, the World’s First AI Digital Human cabin crew.
Kylian Mbappé and Accor Forge Alliance to Empower Younger Generations
Joining Forces to Create Opportunities and Foster a Brighter Tomorrow.
Japan Airlines Will Modernize Fleet with up to 20 More Boeing 787 Dreamliners
Boeing [NYSE:BA] and Japan Airlines (JAL) today announced an agreement for up to 20 more 787 Dreamliners, as the 787's market-leading efficiency and range are valued on international routes to North America, Asia and India.
Emirates unveils Travel Store in Hong Kong, its first in East Asia
Emirates has officially opened its Travel store in Hong Kong, representing a significant milestone in its expansion in the city. It also marks the first Emirates Travel Store in the Far East region, as part of a retail blueprint that will roll out in
TUI AG: Successful placement of a 487 million euros convertible bonds
TUI AG has successfully completed the issuance of a convertible bonds with a total volume of 487 million euros. The senior unsecured convertible bonds have a maturity until 2031 and a fixed coupon of 1.95% per annum, payable semi-annually in arrears.
Oceania Cruises' Expansive East Asia Sailings Explore Celebrated Cities and Hidden Gems
Unique Itineraries, Small-Group Shore Excursions, and Remote Ports Allow Guests to Dive into Local Life.
Raffles Hotels & Resorts to Bring Its Legendary Service and Enchanted Glamour to Tokyo
Slated to Debut in 2028, Raffles Tokyo will Feature Panoramic Views and Exquisite Design.
Not Without External Pressure: How the Travel Industry is Tackling Transformation
The new Travel & Tourism Radar by ITB Berlin and Ostfalia University of Applied Sciences shows that external factors are driving digitalization and sustainability in the travel industry.
TUI Hotels and Resorts Taps Canary Technologies to Power its Digital Guest Journey
Canary Technologies, the industry's leading Guest Management System, today announced that TUI Hotels & Resorts has chosen Canary to power its digital guest journey.
Princess Cruises Reveals Epic 2026 Alaska Season
Newest Ship Star Princess 1 of 8 Ships Headlining 2026 Alaska Season.
UN Tourism: New Academies, Communications Strategy and More Investments for African Members
UN Tourism continues to deliver on its Agenda for Africa, bringing the region’s Members together around a focus on investments, multilateral cooperation and education.
Radisson RED brings a new twist on conventional hospitality to Kraków, Poland
Radisson RED Hotel & Radisson RED Apartments Krakow, a new upscale-lifestyle hotel, opened in Kraków’s iconic Unity Centre.
The day IT stumbled: Lessons learned from CrowdStrike outage
A global tech crisis that erupted a week ago disrupted critical infrastructure and affected around 8.5 million Windows devices, caused by a flawed update in software developed by cybersecurity company CrowdStrike
Global aviation giants convene at Farnborough airshow amid surging demand
5-day event at airport typically used for private jets southwest of London expected to attract some 75,000 visitors and 1,200 exhibitors.
Radisson Hotel Group adds three hotels to bolster portfolio in the Philippines
Radisson Hotel Group is delighted to announce the addition of three new hotels in the Philippines, adding more than 450 keys to its portfolio in three first and second-tier destinations – Cauayan City, Olongapo and Dasmarinas – to reaffirm its st
Hilton Debuts in Charming City of Nice
DoubleTree by Hilton Nice Centre Iconic opens on the stunning Mediterranean Coast as the perfect hub for exploring the French Riviera.
RIU approves two new sustainable policies
RIU Hotels & Resorts has taken yet another important step forward in its Proudly Committed sustainability strategy with the approval of two key policies: the Sustainability Policy and the Procurement and Supplier Policy.
IHG Hotels & Resorts accelerates presence in Spain with four new signings
The signings add more than 500 rooms across three IHG brand collections.
At Condor, everyone can do their bit for the climate
CO2 emissions and climate protection are increasingly in focus when flying: Anyone flying on vacation or to visit family and friends can now choose how they want to contribute to a cleaner and better future with Condor.
Tourists warned against new COVID variant in Greece
Increase in cases recorded in last 20 days, says UK media.
![](https://www.tourexpi.com/images/logo.png)