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cutting jobs

Online travel conglomerate Expedia is cutting thousands of jobs

4 mins read

The FINANCIAL – Travel giant Expedia Group is cutting 12% of its workforce, or about 3,000 jobs, after a “disappointing” 2019. The company’s stock hit its low, $95.67, over the past 12 months on November 11. Expedia chairman Barry Diller said he was aiming for savings of $300-500 million in 2020. Company executives sent an email announcing the changes on Monday afternoon, writing “we recognize that we have been pursuing growth in an unhealthy and undisciplined way” and calling the company’s performance in 2019 “disappointing.” In addition to eliminating 12% of its workforce, the company will also cut costs by…

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Online travel conglomerate Expedia is cutting thousands of jobs

4 mins read

The FINANCIAL – Travel giant Expedia Group is cutting 12% of its workforce, or about 3,000 jobs, after a “disappointing” 2019. The company’s stock hit its low, $95.67, over the past 12 months on November 11. Expedia chairman Barry Diller said he was aiming for savings of $300-500 million in 2020. Company executives sent an…

HSBC plans to slash 35 000 jobs worldwide

4 mins read

The FINANCIAL — HSBC announced it will cut 35,000 jobs over three years as part of a major shake-up after revealing that annual profits plunged 33%. The strategy overhaul comes as economic growth is slowing in HSBC’s major markets.  The London-based bank said it aimed to cut annual costs as it attempts its most drastic overhaul…