Expedia is setting up to lay off twelve% of its global workforce, citing its disappointing 2019 company overall performance and an “unhealthy and undisciplined” development strategy.
The announcement of the layoffs on Monday came considerably less than 3 months after a administration shakeup at the on-line journey big in which Chairman Barry Diller took manage of working day-to-working day operations and CEO Mark Okerstrom and CFO Alan Pickerill stepped down. (Eric Hart, the company’s main strategy officer, is serving as acting finance main.)
“A main rationale for our administration transform was the deep belief from Barry, [Vice Chairman Peter Kern] and the board that when journey remains rich with possibility, our firm required a clean and forward look at clarifying our strategy and simplifying our operations,” the firm reported in an electronic mail to workers.
“After consulting with leaders all over the world, we identify that we have been pursuing