Articles tagged “layoffs”

Hotels

Airbnb CEO Dodges Question Over Whether Company Is Overvalued at $113 Billion

Airbnb is smart to focus on its core accommodations' business, if that is indeed what it is really doing. The company has time to deal with all of the other stuff, from flights to hotels and experiences, once a real-life travel recovery has a pulse.

Airbnb CEO Dodges Question Over Whether Company Is Overvalued at $113 Billion

Mergers and Acquisitions

The Biggest Challenge to Online Travel’s Recovery in 2021

The bean counters, meaning the financial experts, at all of the major online travel companies have their work cut out for them as they monitor and try to predict the shape and timing of any potential travel recovery. These companies need to be nimble, and hoard their cash.

The Biggest Challenge to Online Travel’s Recovery in 2021

Online Travel

Expedia Cuts More Jobs and 13 Other Top Travel Stories This Week

In Skift's top stories this week, Expedia conducted another round of layoffs, tech investors are drooling over the events industry, American Airlines is mulling bringing back the 737 Max before the end of the year, and Google founding itself dealing with a U.S. antirust lawsuit.

Expedia Cuts More Jobs and 13 Other Top Travel Stories This Week

Online Travel

Expedia Group Goes Deeper on Job Cuts

These layoffs at Expedia Group aren't particularly surprising, and were in the offing when travel demand plateaued in many countries starting in July and August. You can expect that Expedia will not be the only company forced into taking another whack at employee payrolls.

Expedia Group Goes Deeper on Job Cuts

Online Travel

GetYourGuide Lays Off Staff as the Experiences Sector Faces Uncertainty

Ugh.

GetYourGuide Lays Off Staff as the Experiences Sector Faces Uncertainty

Tourism

Disney to Lay Off 28,000 U.S. Theme Park Workers and Others as Covid Takes Its Toll

Analysts had been predicting the Mouse House may not return to last year's profit levels until 2025. These painful job cuts seemed inevitable.

Disney to Lay Off 28,000 U.S. Theme Park Workers and Others as Covid Takes Its Toll

Online Travel

Booking.com Restructuring Will Pare Its Workforce By Up to 25 Percent

Despite the deep job cuts, the proprietary Skift Health Score calculates that Booking Holdings has far greater long-term strength than rivals Expedia Group and Trip.com Group. If you follow Booking.com's logic, the future of travel will be substantially smaller than its past.

Booking.com Restructuring Will Pare Its Workforce By Up to 25 Percent

Hotels

Vacation Rental Brand Vrbo Emerges as Expedia Star With Pandemic-Era Bookings

Vrbo has been in the right place(s) at the right time, somewhat reversing a very challenged 2019. Is the changed trajectory a momentary blip in the throes of a pandemic, or will it be sustainable?

Vacation Rental Brand Vrbo Emerges as Expedia Star With Pandemic-Era Bookings

Hotels

Oyo Will Lay Off Most of Its Furloughed U.S. Employees

Oyo's decision to part ways permanently with furloughed U.S. employees is tied to its view that the lodging company's full global recovery wouldn't occur until the second half of 2021. It's a nice gesture to give them stock options, although the jury is out on whether they'll be worth much in the long run.

Oyo Will Lay Off Most of Its Furloughed U.S. Employees

Online Travel

OpenTable and Kayak Bring Back 10 Percent of Furloughed Employees

If the dining and travel industries are looking for a bright spot during these dark days, then returning employees are a morsel to hang onto.

OpenTable and Kayak Bring Back 10 Percent of Furloughed Employees