New Delhi: Booking.com, a popular online travel agency and part of Booking Holdings, is considering job cuts as part of an ongoing review of its organizational structure, the company announced on Saturday. Although still in the early stages, the company has not yet made a final decision on the specifics.
“This is a difficult but essential proactive step to keep Booking.com adaptable in a highly competitive market and ensure that we continue to drive customer-centered innovation quickly,” the company stated.
As of late 2023, Booking Holdings, which also owns Priceline, Agoda, Kayak, and OpenTable, employed around 23,600 people, though it has not provided specific employee numbers for Booking.com alone. A spokesperson clarified that the review is specific to Booking.com and will not affect its other brands.
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The decision to review staffing comes just days after Booking Holdings reported a 13.6 per cent increase in operating expenses in its third-quarter financial results. The company stated in a recent U.S. Securities and Exchange Commission (SEC) filing that the goal of this restructuring is to increase operational efficiency, improve agility, and free up resources for reinvestment in services for travelers and partners.
Booking Holdings also plans to update its processes and systems and refine procurement as part of the changes. The company indicated that further details on the timeline, potential employee impact, and financial outcomes of the reorganization would be announced "in due course."
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