Expedia to cut 1,500 employees, sees $80M-$100M in restructuring charges

Expedia Group committed to restructuring actions to recalibrate resources in light of the Company’s organizational and technological transformation. Subject to compliance with local consultation obligations where applicable, the restructuring actions are expected to result in a workforce reduction impacting approximately 1,500 employees and the communication of such actions to a portion of affected employees was commenced on February 26, 2024. Total pre-tax charges and cash expenditures associated with the restructuring actions, all of which are expected to be recorded in 2024, are expected to be $80M to $100M and are predominately employee severance and compensation benefits costs. This information was made available in a company 8k filing..