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Expedia Group confirmed that it laid off more workers as the Seattle-based travel giant looks to cut costs.
“To ensure the best traveler experience, we must continually adapt to the evolving needs of our industry and travelers,” a company spokesperson said in a statement to GeekWire. “This requires difficult but necessary decisions such as refining our marketing strategies, improving efficiencies, and reallocating resources to areas with the greatest business impact to drive customer engagement.”
The company declined to provide details on number of employees affected, or types of roles impacted.
Expedia had 16,500 employees across nearly 50 countries, as of Dec. 31, according to Expedia’s annual 10-K filing. That’s slightly down from its total employment of 17,100 at the end of 2023. About half of its workforce are in tech-related roles.
Last year Expedia cut about 1,500 roles, primarily in its Product & Technology division, as part of an operational review.
Expedia reported revenue growth of 10% to $3.1 billion in the fourth quarter, while adjusted net income grew 30% year-over-year. Both beat analyst expectations.
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“We were disciplined in our cost management in 2024, and that allowed us to expand profit margins while reinvesting in strategic areas,” Expedia CEO Ariane Gorin said on the company’s earnings call earlier this month. “We believe we still have room to deliver further efficiencies across our variable costs and fixed cost base to expand our margins even further.”
The company’s stock is up nearly 50% over the past 12 months. Its market capitalization is more than $25 billion.
Expedia Group includes brands such as vrbo, Orbitz, Hotwire, Trivago, and Hotels.com in addition to the flagship Expedia.com.
Expedia recently hired eBay veteran Scott Schenkel as its chief financial officer.
