Expedia to Cut 9% of Global Workforce Amid Restructuring

The layoffs are part of a strategic shift to focus on core areas and adapt to moderating travel demand.

Expedia Group announces a global workforce reduction of 9%, impacting around 1,500 jobs as part of its restructuring efforts.
The layoffs are a response to moderating travel demand and aim to prioritize investments in core strategic areas.
The restructuring includes charges and cash expenditures between $80 million and $100 million, primarily for severance and compensation benefits.
Outgoing CEO Peter Kern will be succeeded by Ariane Gorin as the new CEO in May, amid the organizational changes.
The job cuts will affect various locations, including significant layoffs in Seattle, Austin, and on a global scale.