From Quiver Quantitative:

Expedia plans to cut approximately 1,500 jobs as part of a restructuring effort aimed at streamlining operations and focusing on core areas, particularly in Product & Technology. The move, announced by CEO Peter Kern, is expected to incur pre-tax charges and cash expenditures between $80 million and $100 million. Despite the job cuts, Expedia’s stock price saw a modest gain in after-hours trading. The restructuring comes as Expedia transitions to new CEO Ariane Gorin in May, with a focus on aligning the company’s strategic goals and enhancing technological innovation and customer experience.



Read more at Quiver Quantitative: Expedia Group to Eliminate 1,500 Jobs Amid Operational Overhaul