Expedia size in its workforce and wants to simplify its strategy

by bold-lichterman

The American tour operator Expedia will cut some 3,000 jobs, or about 12% of its global workforce, after a year 2019 deemed “disappointing”, according to an email sent to all employees quoted by the American press.

The group, which includes Hotels.com, Hotwire, Travelocity, Cheaptickets, Egencia and CarRentals.com, justifies this decision by the fact that it has grown ” in an undisciplined and unsustainable way ”. “I am confident that by simplifying our business and clarifying our goal by making these difficult changes, our teams will start working on projects again and pursue priorities that mean the most to us, our clients and our partners “, commented Monday Barry Diller, chairman of the board of directors of the group, quoted by the Seattle Times.

On February 13, on the occasion of the group’s annual results, the billionaire described the group as ” sclerotic and ankylosed ” with employees idle for several years. The management, which had unveiled a net profit down 4% in the last quarter as well as an earnings per share down 1%, had also indicated that it was targeting savings of 300 to 500 million dollars.

For the full year 2019, revenue increased by 8%, net profit by 4% and earnings per share by 6%. And as of December 31, the group numbered 25,400 people. In early December, Expedia had unceremoniously sacked its CEO Mark Okerstrom and CFO Alan Pickerill.