New Delhi, November 9: Booking.com will reportedly lay off its employees as part of a reorganisation initiative.  The job cuts are expected to impact employees across various divisions within the company. The exact details about the number of employees to be affected have not been disclosed. The job cuts are also seen as part of cost-cutting measures.

As per a report of Reuters, Booking.com could layoff its employees as part of a review of its organisational structure. Booking Holdings is the parent company of brands such as Booking.com and Kayak. By the end of 2023, Booking Holdings had around 23,600 employees working for them. The company has not confirmed the specific number of job cuts, but the layoffs will likely affect its global operations. The reorganisation is expected to streamline certain operations within Booking.com. Avaya Layoffs: US-Based Tech Company Lays Off Several Employees in Its Latest Round Amid Ongoing Struggles.

The company will likely share more information soon. It may include details about when the changes will happen, how it might affect employees, and the financial implications. As per reports, the changes were announced a few days after the company reported a 13.6 per cent increase in its operating costs for the third quarter. Booking Holdings also reportedly mentioned that it plans to update its processes and systems, as well as improve how it buys goods and services. These steps can be seen as part of the company’s effort to reorganise the operations and make it more efficient. Freshworks Layoffs: 660 Employees To Be Laid Off As Indian Software Company Cuts 13% Workforce, CEO Dennis Woodside Explains Why.

The company reportedly believes that these efforts will help them manage their operating costs more effectively to make the organisation more flexible, and free up resources. They can invest back into upgrading their services for travellers and their business partners to provide a better experience and more value to everyone involved.

(The above story first appeared on LatestLY on Nov 09, 2024 10:44 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).