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Sonder makes sweeping job cuts in company restructuring
Reading Time: 2 minutesUS: Next-generation lodging firm Sonder has announced a restructuring across its organisation, which will trigger the laying off of 21 per cent of its corporate team and seven per cent of its frontline staff.
Expedia Group draws up plans for new round of layoffs
Reading Time: 2 minutesUS: Expedia Group looks to be heading towards another layoff round, as Travel Partners Group CEO Cyril Ranque announced further redundancies within the company. The company laid off 12 per cent of its workforce earlier this year before the pandemic, in an attempt to manage a “bloated and sclerotic” workforce. Travel Partners Group is a […]
Booking.com to close at least five of its global offices
Reading Time: 2 minutesWorldwide: Online travel agency Booking.com is closing at least five of its offices around the world, in Bellevue, Washington [US], London and Cambridge [England], Toronto [Canada], and Split [Croatia]. The company announced the redundancies and economic cutbacks on a live call with more than 800 employees on Thursday [10 September]. The layoffs are effective with […]
Booking.com to slash 25 per cent of global workforce
Reading Time: 3 minutesUS / Netherlands: Four months after Booking.com chief executive Glenn Fogel admitted company job cuts were “probable”, the online travel agency has announced an extensive round of layoffs, with 25 per cent [roughly 4000 employees] believed to be affected. The layoffs are symptomatic of the Covid-19 pandemic’s impact on the global travel industry, including accommodation […]
OYO to lay off 90 per cent of US workers
Reading Time: < 1 minuteUS: Hospitality chain OYO is planning to lay off 90 per cent of its employees in the United States. Most of the workforce was initially furloughed in April, with news spreading soon after that layoffs may be coming. According to revenue tracking site Layoffs.fyi, OYO’s revenues have fallen to 25 per cent below its January […]
OYO to lay off “large majority” of furloughed U.S. employees
Reading Time: 2 minutesUS: Indian hospitality chain OYO is believed to have informed those employees who have been furloughed from the company indefinitely that a “large majority” of them will not be kept on. It follows earlier reports in May that the Softbank-backed budget lodging startup was furloughing the majority of its U.S. and UK-based teams, as occupancy […]
Airbnb plans to cut 35 per cent of Dublin workforce
Reading Time: 2 minutesIreland: Airbnb may be planning to shed around 25 per cent of its workforce in the Irish capital of Dublin. According to TheJournal.ie, employees have been told that Airbnb is targeting 190 redundancies at its European headquarters due to the global pandemic. The company announced a wide series of layoffs at the beginning of May, […]
Loftium cuts staff, misses rent payments due to coronavirus
Reading Time: 2 minutesUS: Seattle based hybrid short-term rental firm Loftium has struggled to stay afloat due to the travel drop caused by the global pandemic. According to The Seattle Times, the company has laid off approximately half of its staff and has begun withholding lease payments to its landlords. Loftium was founded in 2017 as a platform […]
Airbnb launches talent directory for recently laid off staff
Reading Time: 2 minutesUS: Airbnb has announced the creation of a talent directory for those laid off due to the global pandemic. The company announced last week that it would be releasing around 25 per cent of its staff in order to survive and outlast the pandemic. The directory is one of many measures that CEO Brian Chesky […]
TripAdvisor to lay off close to 25 per cent of its global workforce
Reading Time: 2 minutesUS: Online travel company TripAdvisor is to lay off 900 employees — accounting for almost 25 per cent of its global workforce — in a “significant” cost-cutting exercise, CEO and co-founder, Stephen Kaufer, revealed in a company blog post. In light of the coronavirus pandemic, TripAdvisor is making 600 of its employees in the United […]