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.