Expedia announces layoffs amid cost-cutting measures

Despite strong revenue and profit growth, the travel giant is reducing its workforce to improve efficiency and reallocate resources

Expedia Group has announced another round of layoffs as part of its ongoing efforts to cut costs and streamline operations. The Seattle-based travel giant cited the need to adapt to industry changes and focus on areas with the greatest business impact. While the company did not disclose the number of employees affected, this follows previous job cuts, particularly in its Product & Technology division. Despite the layoffs, Expedia reported strong financial performance, with revenue and earnings growth exceeding analyst expectations.

Key takeaways

• Workforce reduction: Expedia confirmed the layoffs, but did not specify the number or roles affected;
• Strategic adjustments: The company is refining marketing strategies, improving efficiencies and reallocating resources;
• Previous layoffs: In 2023, Expedia cut approximately 1,500 jobs, primarily in product and technology;
• Financial Performance: Q4 revenue grew 10% to $3.1 billion, with adjusted net income up 30%.

Get the full story at GeekWire