Booking.com Plans to Cut Global Work Force by Up to 25%
August 04 2020 - 9:14AM
Dow Jones News
By Dave Sebastian
Booking Holdings Inc. said it plans to cut Booking.com's global
work force by up to about 25%, or roughly more than 4,000, as the
Covid-19 pandemic continues to hurt travel demand.
The online-travel agency said it is in talks with councils,
employee representatives and relevant organizations regarding the
layoffs, cost reduction and restructuring actions. A Booking
spokeswoman said the unit employs more than 17,000 people.
The company said it expects to finalize the layoff plans on a
country by country basis, with the first countries starting in
September.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
August 04, 2020 08:59 ET (12:59 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Booking (NASDAQ:BKNG)
Historical Stock Chart
From Aug 2024 to Sep 2024
Booking (NASDAQ:BKNG)
Historical Stock Chart
From Sep 2023 to Sep 2024