Booking's Agoda Cuts 1,500 Workers in Asia
Skift Take
At first, John Brown cut costs rather than staff, including foregoing his salary for the rest of 2020. But the Agoda CEO now has to take the last measure, citing a deeper and more prolonged recovery than expected.
Asian online travel giant Agoda is laying off 1,500 workers, a downsizing that CEO John Brown promises is the first and final cut he will be making as a result of the coronavirus crisis.
The Booking Holdings-owned Asian travel brand has held off staff cuts for as long as it could, first reducing costs across the business. This includes Brown foregoing his salary for the rest of the year. But the impact of Covid-19 proved deeper and more prolonged than expected, Brown told Agoda employees in a virtual town hall on Monday afternoon in Asia.
The retrenchment represents about 25 percent of Agoda's total workforce.
“Natural
