NEW YORK: Expedia Group Inc said it’s cutting thousands of jobs, striving to simplify the “bloated organisation” and return the online travel giant to more disciplined growth.
“Today, Expedia Group announced our intent to simplify how we do business,” deBerge said Monday in a statement. “Following our disappointing 2019 business performance and our change in senior-most management, the travel leadership team has spent the last few months determining a better way forward,” the email read.
At the time, Diller said he was targeting US$300 million to IS$500 million in run rate cost-savings in 2020.
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