How Will Expedia Help Laid-Off Employees
The fate of the employees laid off by Expedia is currently uncertain. The company has not yet disclosed any specific plans regarding severance packages or other benefits for these employees. However, it is expected that Expedia will provide more information in the coming weeks. This could include details about financial compensation, job placement assistance, or other forms of support. The company’s approach to this situation will be a crucial factor in maintaining its reputation and employee morale during this challenging period. It’s a situation that warrants close observation.
Expedia Layoff: Expedia to Cut About 1,500 Jobs Globally
Expedia, a leading online travel company, is laying off 1,500 employees, or 9% of its workforce, due to moderating travel demand. The company’s CEO, Peter Kern, recently stepped down, and Expedia has warned that revenue would decline in 2024. Other travel companies are also facing similar challenges and are tempering their expectations for this year.
In Short:
- Expedia to lay off 1,500 employees, or 9% of its workforce.
- The job cuts come amid moderating travel demand and a slowdown in the travel industry.
- Other travel companies are also tempering expectations for 2024.