It will lay off 12% of its total workforce globally
Expedia Group has announced that it will cut 3,000 jobs, including around 500 at its Seattle headquarters, with the goal of reducing costs by simplifying its «inflated» organization.
As reported by the company’s spokesman, Josh deBerge, workers will begin to be notified this week. Expedia did not relate the staff cuts to the effects of the coronavirus, which, according to executives, earlier this month added «uncertainty» to the company’s profit outlook.
«The Expedia Group has announced its intention to simplify the way it does business,» explained deBerge, adding that «this includes stopping certain projects and activities, reducing the use of suppliers and contractors and eliminating approximately 12% of our strength of direct work. »
Expedia announced the reduction of jobs in an email to its employees around the world, which amounted to 25,400 as of December 31, 2019, according to Bloomberg.
«We recognize that we have been pursuing growth in an unhealthy and undisciplined way,» the company lamented.
Although during the presentation of the results of 2019 the company did not report on the staff cut that it planned to undertake, Expedia President Barry Diller stressed that its goal for 2020 was to save between 300 and 500 million dollars (275-459 million euros) in costs.