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Daily Briefing

TripAdvisor slashes hundreds of jobs

Jan 23, 2020 by The Passage Team
TripAdvisor slashes hundreds of jobs

TripAdvisor Inc. is cutting hundreds of jobs, according to people familiar with the situation, underscoring the company’s need to reduce costs as competition from Google intensifies.

The online travel information provider is eliminating about 200 workers, said the people, who asked not to be identified discussing private decisions. The company had just over 3,800 staff at the end of September, according to data compiled by Bloomberg. A TripAdvisor spokesman declined to comment, but pointed to a recent earnings conference call in which the company said it was “prudently reducing and re-allocating expenses in certain parts of our business to preserve strong profitability."

Source: Livemint

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