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Expedia To Trim 9% Of Its Global Workforce; 1500 Employees To Face The Brunt

Facing a slowdown in post-pandemic travel demand and undergoing 'organizational and technological transformation', online travel platform, Expedia, has announced that it will be reducing its global workforce comprising 17100 employees by 9%.

| Published on February 28, 2024

Expedia To Trim 9% Of Its Global Workforce; 1500 Employees To Face The Brunt

Expedia, an Online Travel Platform, has announced that it is reducing its global workforce comprising 17100 employees by 9%.

As part of this company-wide restructuring to facilitate organizational and technological transformation, near to 1500 employees are going to face the brunt of layoffs.

This restructuring at Expedia comes at a time when the company’s CEO, Peter Kern had announced that he would be stepping down from his role in May 2024, and the travel companies are foreseeing a comparatively slower demand growth, this year.

With this restructuring in place, Expedia is facing an $80-$100 million charge involved in employee severance, as per the company’s regulatory filing.

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