BKNG Booking Holdings Inc

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)

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