Expedia to Eliminate 1,500 Jobs as Travel Growth Moderates
- Online travel company reducing about 9% of roles globally
- Firm had announced CEO transition, disappointing outlook
Expedia Group Inc. is eliminating about 9% of its workforce after announcing a leadership transition earlier this month while the online travel company attempts to revive growth and regain market share.
The Seattle-based firm will cut about 1,500 jobs across the globe so it can “invest in core strategic areas for growth,” a company spokesperson said in an email. “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,” the spokesperson added.