Booking.com Restructuring Will Pare its Workforce by up to 25 Percent
Later than any of its peers, Booking.com announced Tuesday it will be restructuring, and eliminating up to 25 percent of its global employee base, a number Skift estimated to be roughly 4,300 employees.
Glenn Fogel, the CEO of both parent company Booking Holdings and Booking.com, is expected to tell Booking.com employees that Covid-19 hit Booking.com hard.
“In my heart, for a long time, I hoped this would not happen,” Fogel’s statement to employees read. “Since the beginning, we have been working hard to protect jobs. However, nothing can mitigate the impact this crisis has had and will continue to have on both the travel industry and our business.”
The company said it expected the downsizing “will match our expectation of the future of travel.”