The online travel agent Expedia is about to cut around 1.500 jobs. Around nine percent of the global workforce will have to leave the company, a company spokesman confirms a Bloomberg report.

The company, which has been headed by Peter Kern since 2000, will soon have a new managing director, Ariane Gorin. Kern will serve on the board of directors as deputy chairman in the future. Before that, however, a so-called “restructuring” is undertaken. This also affects the workforce, as around 1.500 employees are expected to lose their jobs.

Expedia is an online travel agency that specializes in arranging airline tickets, hotel rooms, vacation packages and cruises. Now you want to reposition yourself. A spokesman says that the upcoming job cuts, which affect various locations, have to be carried out due to “organizational and technological restructuring”.

The group currently appears to have declining revenues in its core business. For example, at the beginning of February 2024 it was pointed out that there had been a decline in sales in the area of ​​arranging airline tickets. This is attributed to the fact that ticket prices have fallen significantly in some markets. At the same time, there is strong competition in this segment from other providers, but also from the airline's direct sales department.

The upcoming restructuring, which is expected to cost around 1.500 Expedia employees their jobs worldwide, will not be cheap. According to the company, around 80 to 100 million US dollars are being spent on this. The majority of this sum will likely go towards modernizing the technology behind the booking platform.