Sabre cutting 900 jobs
Sabre is to cut around 900 of its 10,000 workforce, including certain open positions. The company reported net loss attributable to common stockholders of USD 6.5 million in the second quarter of 2017.
Sabre is planning to cut its workforce of 10,000 by around 9%, according to a statement.
The statement said:“Since our IPO in 2014, Sabre has been on a successful growth and expansion path, increasing revenue, making strategic acquisitions, and adding nearly 2,500 jobs, which equals more than 30 percent growth from our preIPO employment base.
The statement does not specify which business units or geographies are impacted by the reductions currently being implemented.
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