Sabre is cutting 15% of its workforce
Big tech companies everywhere have been dropping staff, and now it's Sabre's turn, as a result of a permanently changed travel industry post-pandemic
Sabre is cutting 15 percent of its workforce - roughly 1,100 jobs - part of an effort to save $200 million annually, and are part of an overall move to increase operational efficiencies.
Key takeaways
- At the same time, Sabre is prioritizing investment in its strategic growth initiatives, which includes continued focus on tech investment and plans to grow into other market segments and geographies;
- Sabre expects to reach double digit annual growth in revenue for its hospitality tech products by the end of 2024;
- Analysts are skeptical about Sabre’s big goals because of uncertainty in the travel industry and some inaccurate predictions in the past.
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