Later than any of his peers, Booking.com announced a restructuring on Tuesday, eliminating up to 25% of its global workforce, a number that a report is estimated at around 4,300 employees.
Glenn Fogel, the CEO of the two parent companies Booking Holdings and Booking.com, is expected to tell Booking.com employees that Covid-19 has hit Booking.com hard.
“In my heart I hoped for a long time that this would not happen,”Fogel said to the employees. “We have worked hard to protect jobs from the start. However, nothing can mitigate the impact of this crisis on the travel industry and our business.”
The company said it expected the downsizing “will match our expectation of the future of travel.”
Booking.com, headquartered in Amsterdam, by far the largest brand in the Bookings Holdings portfolio, employs around 17,500 people in more than 200 offices worldwide, according to its career website.
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