Booking.com Announces Potential Layoffs

Forex - Booking.com announced that it may lay off employees as part of a review of its organizational structure.

In a statement made via email, Booking indicated that it is in the early stages of the review process and that no definitive decisions have been made. The statement said, "This is a difficult but necessary proactive step to ensure that Booking.com remains agile in a highly competitive sector and continues to drive customer-centric innovation rapidly."

According to Booking Holdings' annual report, which does not provide specific figures for Booking.com, the company employed approximately 23,600 people as of the end of 2023. In a filing with the U.S. Securities and Exchange Commission on Friday, Booking Holdings stated that it expects to provide more details "in due course" regarding the timing, potential impact on employees, and the financial implications of the restructuring. A company spokesperson noted that the review is specific to Booking.com and does not pertain to its other brands such as Priceline, Agoda, Kayak, and OpenTable.