Tripadvisor is laying off 25% of its workforce as shutdowns continue to crush the travel industry
Tuesday that it's laying off more than 900 employees globally, roughly a quarter of its total workforce.
The layoffs will impact around 600 employees in based in the US and Canada in addition to nearly 300 in other locations, while additional workers will be furloughed, the company said. "We had hoped cutting discretionary expenses and furloughs would be enough, but as the pandemic worsened, it became clear that the company needed to take additional cost saving measures," CEO Steve Kaufer said in the statement.
"These are the most difficult cost-saving decisions I have ever had to make. But I, and the Executive Leadership Team, firmly believe they are necessary and proportionate to the reality we face as a business and as an industry," Kaufer said. Tripadvisor had already implemented cost-cutting measures even before the coronavirus pandemic hit, laying off 200 employees in January,
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