Articles tagged “layoffs”

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.
Coronavirus

Sabre's Major Restructuring Includes Cutting 800 More Jobs

Sabre's leadership team has been like an endurance runner in its strategy of patching up the security of the company's software, breaking down internal business silos, and moving Sabre's systems to the more stable cloud. This latest restructuring is the next phase.
Online Travel

Booking.com Extends Chairwoman Gillian Tans' Contract to 2021 in Surprise Move

Kayak, OpenTable, and Agoda have laid off employees. The flagship brand, Booking.com, initially took Dutch government relief money that forestalled downsizing, but has opted not to extend it. Amid other restructuring moves under way, that means layoffs are likely on the agenda as Chairwoman Gillian Tans re-ups.
Online Travel

Booking's Agoda Cuts 1,500 Workers in Asia

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.
Coronavirus

Kayak and OpenTable Layoffs and Furloughs Impact 400 Employees

The job cuts at Kayak and OpenTable represent the first reported layoffs and furloughs at parent company Booking Holdings growing out of the coronavirus crisis other than for 48 contractors at Booking.com whose agreements weren't renewed. Few travel companies will emerge unscathed so it wouldn't be surprising if more cuts were coming at other Booking brands.