Expedia Group Implements ‘Strategic Actions’ that Entails Employee Layoffs

 

Expedia Group has laid off an unspecified number of employees. It is estimated that the job cuts impacted fewer than 100 employees.

“We are continuing to simplify and reprioritize resources across the company to meet our business and traveler needs,” a spokesperson said in a statement. “These are strategic actions, and we are not having mass reductions. When making these decisions, we always strive to handle them respectfully.”

In a LinkedIn post, Gowtham Raman Subbaraman, a product manager who was impacted by the job cuts, referred to it as an “unexpected layoff”. He added, “Unfortunately, this was the case for everyone in my organization and my team.”

Following the pandemic-induced layoff of 3,000 workers, Expedia has rebounded with the return of travel demand. The company’s full-year revenue in 2022 was $11.6 billion, a 36% increase year-over-year, and its adjusted net income surged by more than 300% to $1.07 billion.

Over the past few years, Expedia has been engaged in a process of business restructuring and consolidating its underlying technologies.

Expedia had a total of 16,500 employees in 50 countries as of December 31st. Over half of its workforce is comprised of technology roles. The company has around 3,500 employees in the Seattle region, where it inaugurated a new headquarters in 2019.

In the previous year, Expedia announced the launch of a new technology platform that serves as the foundational online infrastructure for other businesses to establish their own travel ventures.