Summary by Moomoo AI
On November 8, 2024, Booking Holdings Inc. announced plans for organizational changes aimed at improving operating efficiency. The changes include modernizing processes and systems, an expected workforce reduction, optimizing procurement, and seeking real estate savings.These efforts are intended to enhance operating expense efficiency, increase organizational agility, and free up resources for reinvestment. The company aims to improve its offerings to travelers and partners, positioning itself better for the long term.Booking Holdings will consult with works councils, employee representatives, and other relevant organizations to develop clarity on the changes' timing, impact on employees, and financial implications. Due to ongoing consultations and legal requirements across multiple jurisdictions, the company is currently unable to provide specific estimates of the associated costs or impacts.
