Travel services company Booking.com is likely to cut jobs as part of an overhaul of its organizational structure, it said today.
The company, a unit of Booking Holdings, said in an emailed statement that it is in the early stages of the review process and that no firm decision has yet been made.
“This is a difficult but necessary proactive step to ensure that Booking.com remains agile in a very competitive industry and continues to drive customer-centric innovation at pace,” it said in the statement.
At the end of 2023, Booking Holdings employed about 23,600 people, according to its annual report, which did not provide specific figures for Booking.com.
Booking Holdings, in a filing with the U.S. Securities and Exchange Commission on Friday, said it expected to provide more details on the timing, potential impact on employees and financials from the reorganization “in due course.”
A company spokesman said the filing was specifically about Booking.com and not its other brands, such as Priceline, Agoda, Kayak and OpenTable.
The changes come just days after Booking Holdings announced a 13.6% jump in operating expenses for the third quarter.
“We believe these efforts will improve operational cost efficiency, increase organizational flexibility, free up resources that can be reinvested in further improving our offering to both travelers and partners,” the filing said.
Booking Holdings added that it will also modernize processes and systems and optimize procurement as part of the organizational changes.
Source: OT
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