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Booking(BKNG.US)将裁员以进行业务重组

Booking (BKNG.US) will lay off employees for business restructuring.

Zhitong Finance ·  Nov 9, 2024 00:31

Online travel company Booking Holdings said on Friday that it expects to lay off workers as part of broader changes to its business.

The Zhitong Finance App learned that online travel company Booking Holdings (BKNG.US) said on Friday that the company expects to lay off employees as part of a broader transformation of its business. The company did not say how many jobs will be affected, but said it expects to provide more details on the timing, possible impact on employees and finances “in due course.”

According to the data, by the end of 2023, Booking had about 23,600 employees. The company stated in a filing with the US Securities and Exchange Commission (SEC): “We believe these efforts will improve operating cost efficiency, increase organizational flexibility, and free up resources to further improve our services to travelers and partners.” It will also modernize processes and systems and optimize procurement as part of organizational change, the company added.

According to the latest earnings report released by Booking at the end of October, the company's Q3 revenue increased 9% year over year to 8 billion US dollars; room reservations increased 8% year over year to 0.299 billion dollars, an increase exceeding Wall Street estimates and the company's own guidance; total travel bookings, including taxes, were 43.4 billion US dollars compared to market expectations of 41.4 billion US dollars; adjusted earnings per share were 83.89 US dollars, and the market forecast was 77.27 US dollars. Additionally, the company's total operating expenses for the third quarter were $4.815 billion, up about 14% year over year.

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