Expedia Group has kicked off its global lay-off of 3,000 staff this week in Asia, part of the plan by one of the world’s largest online travel agencies to trim a workforce described by its chairman as “bloated,” as a global coronavirus outbreak crimps traveling.
The first dismissals will take place in Hong Kong and Singapore, where staff will receive redundancy notices as early as this week, according to a person familiar with the matter. The Seattle-based company has 106 employees on staff in Hong Kong, with another 343 in Singapore, according to LinkedIn.
The company expects to record all of the USD 135 million to USD 185 million in total pre-tax charges during 2020, which are comprised of employee severance and compensation benefits costs of USD 120 million to USD 150 million and other related costs of USD 15 million to USD 35 million.
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