Expedia to cut 1,500 jobs as travel demand fades

The job cuts are part of the OTA's broader restructuring plans as travel demand continues to moderate around the world

Feb 27, 2024

Expedia Group is reducing its workforce by approximately 9% following the announcement of a leadership transition earlier this month, as the online travel company endeavors to reinvigorate growth and recapture market share. The Seattle-headquartered company plans to eliminate around 1,500 positions worldwide to refocus on "core strategic areas for growth."

Key takeaways

  • A spokesperson for the company stated, "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;"
  • According to a regulatory filing, some affected employees began receiving notifications of job cuts on Monday. As per its latest annual report, the company had a workforce of 17,100 individuals across more than 50 countries by the end of 2023, with approximately half employed in technology-related roles;
  • Expedia is aiming to boost sales this year after dedicating the past two years to technical enhancements and an eagerly anticipated overhaul of its loyalty program. While the growth of its consumer business has decelerated to single-digit revenue growth over the past two quarters, the enterprise division of Expedia, which provides advertising and travel technology services to corporate clients and powers travel booking websites for major brands such as Walmart Inc. and American Express Co., has been generating double-digit gains for the company.

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