Expedia said it committed to restructuring actions on February 22, 2024 to recalibrate resources in light of its organizational and technological transformation.

1. 01

   Expedia said it committed to restructuring actions on February 22, 2024 to recalibrate resources in light of its organizational and technological transformation.

2. 02

   The company said the restructuring actions are expected to result in a workforce reduction affecting approximately 1,500 employees. It said this is subject to compliance with local consultation obligations, where applicable.

3. 03

   The company said total pre-tax charges and cash expenditures related to the restructuring actions are expected to be $80 million to $100 million, all of which are expected to be recorded in 2024.

4. 04

   The company said most of the costs are employee severance and compensation benefits. It said communication of the actions to a portion of affected employees began on February 26, 2024.

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Original filing

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