Expedia Layoffs 2024: What to Know About the Latest EXPE Job Cuts


  • Expedia (EXPE) layoffs will see roughly 8% of its employees lose their jobs.
  • That comes to 1,500 of the company’s current workers.
  • The job cuts will see Expedia suffer up to $100 million in charges.
Expedia Layoffs - Expedia Layoffs 2024: What to Know About the Latest EXPE Job Cuts

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Expedia (NASDAQ:EXPE) layoffs are a hot topic on Tuesday after the online travel company announced plans to cut 8% of its workforce.

These Expedia layoffs will result in 1,500 of the company’s employees losing their jobs. The company says it expects to suffer between $80 million and $100 million in restructuring charges as a result of these job cuts.

These job cuts will affect employees around the world. Expedia also mentions in an internal memo that its Product & Technology division will suffer the majority of these headcount reductions.

Expedia Layoffs: CEO Commentary

Here’s a portion of what Expedia CEO Peter Kern said about the layoffs in an internal memo to employees obtained by GeekWire:

“With so much technical achievement over the last 12 months and so much tech debt behind us, we now are obliged to take a close look at roles, skills, teams, and locations to ensure that our resources are focused in the right areas […] As always, we will be engaging in consultation with local employee representatives, where applicable, before making any final decisions. While this review will result in us eliminating some roles, it will also allow us to continue to invest in core strategic areas.”

Expedia joins a growing list of companies that have announced layoffs in 2024. This comes amid increased inflation and interest rates. We’ll likely hear more layoff news from other companies as the year continues.

EXPE stock is up slightly as of Tuesday morning.

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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Article printed from InvestorPlace Media, https://investorplace.com/2024/02/expedia-layoffs-2024-what-to-know-about-the-latest-expe-job-cuts/.

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