Brand Marketing
FMCG firms cut senior roles by 32%; Total headcount shrinks 9.26% in FY25
Layoffs: Travel company Expedia cuts 1,500 jobs
The job cuts come after the announcement of a leadership transition in early February.
The company had warned that the revenue for 2024 would be moderate, owing to the price drop in air tickets. (Image source: Moneycontrol)
American travel technology company Expedia Group is eliminating nine percent of its workforce, which is 1500 jobs. Towards the end of 2023, the company had employed 17,100 people in more than 50 countries.
The job cuts come after the announcement of a leadership transition in early February. On May 13, Ariane Gorin will take over as chief executive officer. Peter Kern, chief executive officer will be stepping down.
The company had warned that the revenue for 2024 would be moderate, owing to the price drop in air tickets.
As stated by Expedia, the total pre-tax charges and cash expenditures which are associated with restructuring are expected to range between $80 million and $100 million.
SPOTLIGHT
For Puneet Chandok, leadership is as much about the inner journey as it is about external results.
Read MoreAI is rewriting the rules of B2B marketing with a human touch
Big-ticket buying decisions now demand more than just logic and product specs – they require trust, emotional connection, and brand stories that resonate.