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Booking.com could cut jobs as part of reorganization plan
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Booking.com could cut jobs as part of reorganization plan
Nov 9, 2024 1:39 PM

Nov 9 (Reuters) - Online travel agency Booking.com could

cut jobs as part of a review of its organizational structure, it

said on Saturday.

The company, a unit of Booking Holdings ( BKNG ), said in an

emailed statement that it was in the early stages of the review

process and no firm decision had been made.

"This is a difficult but necessary proactive step to make

sure Booking.com remains agile in a very competitive industry

and keeps driving customer-centered innovation at pace," it said

in the statement.

As of the end of 2023, Booking Holdings ( BKNG ) employed about

23,600 people, according to its annual report, which did not

provide figures for Booking.com.

Booking Holdings ( BKNG ), in a filing with the U.S. Securities and

Exchange Commission on Friday, said it expected to provide more

details on timing, likely impact on employees and financials

from the reorganization "in due course".

A company spokesperson said the review was specific to

Booking.com and not its other brands, such as Priceline, Agoda,

Kayak and OpenTable.

The changes come only days after Booking Holdings ( BKNG ) posted a

13.6% jump in operating expenses for the third quarter.

"We believe these efforts will improve operating expense

efficiency, increase organizational agility, free up resources

that can be reinvested into further improving our offering to

both travelers and partners," it said in the filing.

Booking Holdings ( BKNG ) added it would also modernize processes and

systems and optimize procurement as part of the organizational

changes.

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