Expedia Begins Layoffs Targeting 12 Percent of Its Workforce [Yahoo! Finance News]
Expedia Group, Inc. (EXPE)
Last expedia group, inc. earnings: 2/13 04:01 pm
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Source: Yahoo! Finance News
After less than three months of focusing on the day to day operations of Expedia Group, chairman Barry Diller and vice chairman Peter Kern took their first overt steps in reshaping the company with plans to lay off 12 percent of its workforce. Expedia Group’s leadership sent an email Monday to employees globally saying it intends “to reduce and eliminate certain projects, activities, teams and roles to streamline and focus our organization.” The email is embedded below.) The company will begin notifying employees this week in geographies “where we have clarity” and in others the company will begin consultations with employees and their representative to discuss certain plans, the email said. In some countries, such consultations may be legally required. The company told Skift that 12 percent of its “direct workforce” would be laid off, pending consultations in certain countries. Expedia Group counted a total of 25,400 employees, including part-timers, at the end of 2019. If you assume
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EXPE
Earnings
- 8/8/24 - Beat
EXPE
Sec Filings
- 11/4/24 - Form 4
- 10/28/24 - Form 4
- 10/16/24 - Form 4
- EXPE's page on the SEC website