Booking.com To Cut 25% Of Staff As Pandemic Puts Travel Industry On Life-Support

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Online travel company Booking. com said that it will reduce its global workforce by up to about 25%, as the pandemic puts the travel industry on life-support

In another indication of the havoc Covid-19 is wreaking on the travel industry, online travel company Booking.com said Tuesday it will reduce its global workforce by up to about 25%, the latest signal that all segments of the industry, from airlines to accommodations, are suffering as consumers remain home-bound.... [+]regulatory filing

Booking.com, part of Booking Holdings Inc. of Norwalk, Connecticut, and a corporate cousin to Priceline.com, boasts 29.7 million listings, including homes and apartments, in 225 countries and territories.

 

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That's a huge percentage of jobs that are being loss. Do you think the travel industry can come back from this?

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