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Articles tagged “layoffs”

Airlines

Norwegian Air to Lay Off Half Its Staff Temporarily and Scrap 4,000 Flights

In the short-term, we would be surprised if the Norwegian government allowed an immediate collapse of an airline buffeted by shocks beyond its control. But Norwegian Air will need all the savvy it has shown in the past if it is to thrive long-term.

Terje Solsvik and Victoria Klesty, Reuters | 4 years ago

Norwegian Air to Lay Off Half Its Staff Temporarily and Scrap 4,000 Flights

Business Travel

Booking.com’s Challenges With Tours and Activities Lead to Musement Partnership

Whether building tours and activities or vacation rentals, acquiring companies soon find out that this stuff isn't as easy as it looked. From confidential internal documents obtained by Skift, it's clear Booking.com found out that scaling experiences on its own wouldn't be a cakewalk, and it's turning to Musement to kick off a preferred partnership strategy instead.

Dennis Schaal, Skift | 4 years ago

Booking.com’s Challenges With Tours and Activities Lead to Musement Partnership

Hotels

Airbnb-Backed Rental Manager Lyric Restructures to Focus Just on Key Cities

Restructuring in itself isn't necessarily the worst thing in the world for a company, although fired employees might not see it that way. This is at least the second recent and high-profile Airbnb investment. The other, with Oyo, doesn't appear to be proceeding according to plan, either.

Dennis Schaal, Skift | 4 years ago

Airbnb-Backed Rental Manager Lyric Restructures to Focus Just on Key Cities

Online Travel

Expedia Begins Layoffs Targeting 12 Percent of Its Workforce

Diller and Kern are taking an ax, as promised, to Expedia Group's payroll. This could be just the first round, and the thinking might be: Why sell to private equity, have those folks squeeze out the cost savings, and reshape the business when we can do it ourselves?

Dennis Schaal, Skift | 4 years ago

Expedia Begins Layoffs Targeting 12 Percent of Its Workforce

Hotels

Oyo’s Global Downsizing Hits U.S. as One-Third of Staff Is Fired in Biz Model Shift

If the cliché "no pain, no gain" applies to disruptor Oyo, then the chain is clearly in the pain part of that equation. The brand has definitely taken a huge reputational hit that will play out for months. There are certainly positives in Oyo's renewed value proposition to many properties if the chain doesn't trip over itself.

Dennis Schaal , Skift | 4 years ago

Oyo’s Global Downsizing Hits U.S. as One-Third of Staff Is Fired in Biz Model Shift

Online Travel

Tripadvisor Reorganization Brings Exec Departures and New Life for Viator

Flush with SoftBank and other venture capital money, GetYourGuide and Klook, as well as Airbnb and Booking.com, are nipping at Tripadvisor's heels in tours and activities. Tripadvisor will try to leverage its brand, Viator, which already had a following before Tripadvisor absorbed it, to keep the insurgents at bay.

Dennis Schaal, Skift | 4 years ago

Tripadvisor Reorganization Brings Exec Departures and New Life for Viator

Online Travel

Kayak Fires More Than 50 As It Eliminates Brand Marketing in London and Berlin

Kayak is looking to get leaner and more efficient. The restructuring, though, doesn't exactly mesh with the upbeat picture about the metasearch company that parent Booking Holdings described during its fourth-quarter earnings call this week.

Dennis Schaal, Skift | 5 years ago

Kayak Fires More Than 50 As It Eliminates Brand Marketing in London and Berlin

Online Travel

Kayak Sets Layoff Process in Motion for Nearly 50 Momondo Group Employees

You can't blame the Priceline Group and Kayak for cutting costs and axing employees because they are part of a public company and their role is to make money for shareholders. Still, Kayak should do as much as possible to ease the transition for the people who built the Cheapflights and Momondo brands.

Dennis Schaal, Skift | 7 years ago

Kayak Sets Layoff Process in Motion for Nearly 50 Momondo Group Employees