Asian online travel giant Agoda is laying off 1,500 workers, a downsizing that CEO John Brown promises is the first and final cut he will be making as a result of the coronavirus crisis.
The retrenchment represents about 25% of Agoda’s total workforce.
Agoda isn’t the first Booking Holdings’ brand to axe staff. Last month, Kayak and OpenTable laid off, furloughed or handed out reduced hours to 400 employees, citing a tremendous drop in revenue from the coronavirus pandemic.
In an email to employees following the virtual Town Hall, Brown said, “The truth is that while we are seeing some signs of recovery in our core markets in Asia-Pacific, the impact of Covid-19 on the travel industry is deeper and will be more prolonged than we could have envisaged."
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