Expedia to lay off 1,500 employees amid restructuring efforts
Seattle-based online travel company Expedia Group Inc. (Nasdaq: EXPE) is laying off about 1,500 people, the company disclosed in a Monday filing with the Securities and Exchange Commission.
Expedia, which had 17,100 employees at the end of last year, said in the filing the layoffs were "restructuring actions" tied to its "organizational and technological transformation." The company made multiple rounds of layoffs last year.
Among the job cuts, 208 will be in Seattle, according to a Worker Adjustment and Retraining Notification filed Tuesday with the state of Washington. The filing said the layoffs start on May 1.
"The business continues to evaluate the appropriate allocation of resources to ensure the most important work continues to be prioritized," an Expedia spokesperson said in an emailed statement to the Business Journal. "While this review will result in the elimination of some roles, it also allows the company to invest in core strategic areas for growth."
https://www.bizjournals.com/seattle/news/2024/02/26/expedia-layoffs-restructure-travel.html