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Articles tagged “layoffs”

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.

Dennis Schaal, Skift | 4 years ago

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

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.

Raini Hamdi, Skift | 4 years ago

Booking’s Agoda Cuts 1,500 Workers in Asia

Coronavirus

Airbnb Cuts 25 Percent of Workforce and Downsizes Hotel Investments

Welcome to a more focused Airbnb, one that is about homes, and not hotels and luxury properties. This may not bode well for a public offering.

Dennis Schaal, Skift | 4 years ago

Airbnb Cuts 25 Percent of Workforce and Downsizes Hotel Investments

Coronavirus

Trivago Looks to Reorganize With ‘Significant’ Job Cuts

It's hard to see how Trivago survives the pandemic without an asset sale or private equity taking it private perhaps.

Dennis Schaal, Skift | 4 years ago

Trivago Looks to Reorganize With ‘Significant’ Job Cuts

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.

Dennis Schaal, Skift | 4 years ago

Kayak and OpenTable Layoffs and Furloughs Impact 400 Employees

Online Travel

Tripadvisor Lays Off 25 Percent of Global Workforce, Closes Some Offices

Tripadvisor isn't immune from the coronavirus travel lockdown in many parts of the world, and it is taking difficult steps to survive the pandemic.

Dennis Schaal, Skift | 4 years ago

Tripadvisor Lays Off 25 Percent of Global Workforce, Closes Some Offices

Coronavirus

Booking Holdings Applies for European Relief With Substantial Layoffs Possible

Government relief or not, if a substantial coronavirus recovery doesn't take shape by June, it's hard to believe that Booking Holdings won't execute substantial layoffs like everyone else. Perhaps the crisis, too, will spur new discussions about enormous pay gaps between CEOs and their workers.

Dennis Schaal, Skift | 4 years ago

Booking Holdings Applies for European Relief With Substantial Layoffs Possible

Coronavirus

Oyo Furloughs Thousands of Employees Globally Except for India

Oyo put in place a substantial number of furloughs — likely in the thousands — and there are probably many more to come after the India lockdown ends. The Oyo that emerges will look different than the rocket ship of a year ago. Withdrawing from certain markets will certainly have to be under consideration.

Dennis Schaal, Skift | 4 years ago

Oyo Furloughs Thousands of Employees Globally Except for India

Coronavirus

Marriott CEO Wonders Whether Aggressive Cost Cutting Will Hurt Recovery

Will hotel direct-booking campaigns be in play after the coronavirus crisis? That's a side issue that online travel agencies and hotels would love to have to deal with at some point. In the interim, they are facing more existential questions.

Dennis Schaal, Skift | 4 years ago

Marriott CEO Wonders Whether Aggressive Cost Cutting Will Hurt Recovery

Coronavirus

Marriott CEO Sorenson Details Crisis Contingency Plans in Emotional Address

It's fairly certain that many Marriott International-affiliated properties will never reopen. CEO Arne Sorenson is showing leadership in being candid about the tough measures the hotel chain has to take to emerge with a business worth running when coronavirus hopefully fades.

Dennis Schaal, Skift | 4 years ago

Marriott CEO Sorenson Details Crisis Contingency Plans in Emotional Address