Expedia Group has announced the layoffs of approximately 1,500 positions, accounting for 8% of its global workforce. The majority of these layoffs are within the product and technology departments. Peter Kern, the CEO of Expedia Group, stated that these position reductions are aimed at allowing the company to invest and focus on its core strategic areas moving forward.
Earlier, Expedia Group appointed Ariane Gorin as the new CEO, succeeding Kern, which took effect in May. It is worth noting that Expedia Group had previously conducted a large-scale layoff prior to the outbreak of COVID-19.
Expedia Group operates under various brands such as Expedia, Hotels.com, Trivago, Orbitz, and vrbo.
Source: GeekWire
TLDR: Expedia Group announces a significant round of layoffs, affecting mainly the product and technology departments, to refocus on strategic areas amidst the current economic climate.
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