Expedia Aktie News

Last year's roaring success has posed problems for the travel sector, as investors digest the prospect of tough comparisons and slowing demand growth in 2024.

Expedia Group Inc (NASDAQ:EXPE, ETR:E3X1) has unveiled plans to lay off some 1,500 employees as travel demand growth slows. Employees were notified of the cuts on Monday, which are set to affect around 9% of the online travel company's workforce as it looks to “recalibrate resources”.

Expedia Group is planning to cut about 1,500 jobs and reduce the size of its workforce by about 8% as it continues a restructuring effort after undergoing a technical overhaul.

The restructuring comes after Expedia warned earlier this month that revenue would moderate in 2024 as air ticket prices drop and said CEO Peter Kern was stepping down.

Online travel platform Expedia said on Monday it was cutting about 1,500 jobs as part of its latest restructuring.

Expedia Group expects about 1,500 roles to be impacted, primarily in its Product & Technology division, under an operational review announced in an internal memo to the online travel giant's employees from CEO Peter Kern today.

Following the succession from Peter Kern to Ariane Gorin, Expedia Group taps two long-time Expedia veterans to lead newly formed operating divisions SEATTLE , Feb. 21, 2024 /PRNewswire/ -- Expedia Group (NASDAQ: EXPE) today announced the appointment of Alfonso Paredes as President of Private Label Solutions and Greg Schulze as President of Travel Partners and Media, creating two new operating d...

Investors can learn much by paying attention to the behavior of corporate insiders as they handle positions in their own companies.