Booking.com Evaluates Workforce Disruptions

Online travel agency Booking.com is evaluating workforce reductions while restructuring its business. The company, part of Booking Holdings Inc. (NASDAQ:BKNG), announced on Saturday that it is in the early stages of reviewing its organizational structure and that workforce reductions have not yet been finalized.

Booking.com emphasized that such measures are difficult but a necessary step to maintain competitiveness and continue innovating for its customers. The company's restructuring move comes after a reported 13.6% increase in operating expenses in the third quarter.

While Booking Holdings employs approximately 23,600 people by the end of 2023, the number of employees at Booking.com has not been disclosed. The parent company stated in its recent filing with the SEC on Friday that further information regarding the timeline for the restructuring, its potential impact on the workforce, and financial implications would be shared soon.

A spokesperson for Booking.com clarified that the review and potential restructuring is exclusive to Booking.com and does not encompass other brands under Booking Holdings, such as Priceline, Agoda, Kayak, and OpenTable.

The company also plans to enhance operational efficiency and organizational agility through the restructuring. This includes reinvesting in improving services for travelers and partners, modernizing processes and systems, and optimizing supply strategies.