Booking.com may cut jobs as part of reorganization plan
The announcement comes just days after Booking Holdings reported a 13.6% increase in operating expenses for the third quarter
Booking Holdings said in an email that it is in the early stages of a review process and no final decisions have been made. "This proactive step, while difficult, is necessary to ensure that Booking.com remains agile in a highly competitive industry and continues to drive customer-centric innovation," the statement read.
Key takeaways
- The review is focused solely on Booking.com and does not affect other brands such as Priceline, Agoda, Kayak and OpenTable;
- As of the end of 2023, Booking Holdings employed approximately 23,600 people, although the company did not disclose specific numbers for Booking.com;
- Booking Holdings also plans to modernize processes, update systems, and improve sourcing as part of the organizational adjustments.
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