Expedia cuts 3,000 jobs, including 500 at new Seattle HQ
Expedia Group is laying off 12 percent of its workforce, about 3,000 employees, in an effort to “streamline and focus” the Seattle-based online travel giant under chairman Barry Diller following the ouster of its CEO and CFO late last year.....MORE
In an email sent to staff Monday, unnamed executives from Expedia Group’s “Travel Leadership Team” said the company had been “pursuing growth in an unhealthy and undisciplined way,” echoing comments made by Diller earlier this month following its fourth quarter earnings report.
Expedia said at the time that it was targeting $300 to $500 million of annual cost savings, but hadn’t previously announced explicit plans for job cuts.
The layoffs come across the company and globe. About 500 people will be let go in Seattle, where Expedia recently moved to a new 40-acre waterfront campus and employs more than 4,000 people. Expedia said it will eliminate certain projects and activities, and reduce the use of vendors and contractors. It will provide impacted workers with severance packages that include extended healthcare....
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