Key Points
- Expedia Group has restructured its product, finance, and technology teams. This will result in the layoffs of approximately 3% of their workforce, mostly mid-level employees.
- This decision follows previous marketing team reductions and is intended to eliminate duplication of roles, increase efficiency and position the firm for long-term success.
- Bookings for core brands such as Hotels.com and Vrbo are growing, unlike the 2020 reorganization.
The following is a summary of the information that you will find on this page.
Expedia Group has begun a restructuring process of its technology, product and finance teams. This will result in the layoff of approximately 3%, mostly mid-level staff. It follows earlier cuts to the marketing department as part a broader effort to improve efficiency, eliminate duplicate roles, and support growth over the long term. Expedia has not made any leadership changes, as there were in the larger 2020 restructuring. Expedia core brands also reported recent revenue and booking growth, despite continuing challenges.
