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Virgin Atlantic CEO warns tech layoffs will impact airline industry

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“The changes in the tech world, which we are, of course, exposed to… these are big travelers across the Atlantic and beyond,” CEO Weiss said.

Virgin Atlantic’s chief executive, Shai Weiss, told FOX Business that the multitude of layoffs in the sector – both within the US and the UK – “has an impact” on the travel industry.

For instance, the chief executive noted how the nearly 40-year-old carrier – owned by billionaire Richard Branson’s Virgin Group and Delta Air Lines – flies to San Francisco, Seattle and Austin, Texas, which “are high conurbation areas for technology companies.” it will impact the travel industry more broadly,” Weiss, who took over in 2019, continued.

More than 101,000 global tech employees have already lost their job nearly six weeks into the new year, Despite the cuts, many tech companies are larger than they were three years ago. In August, when

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Good.

He’s correct. Managed services providers have lost contracts which has led to employee layoffs from the airlines 3rd party vendors already—

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Virgin Atlantic CEO: Tech layoffs will impact airline industryVirgin Atlantic CEO Shai Weiss noted that layoffs in the tech sector have an impact on the travel industry. He still contends that the corporate traveler will fully return in 2023.
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