TripAdvisor reportedly cutting a quarter of global workforce

29 April 2020 by
TripAdvisor reportedly cutting a quarter of global workforce

TripAdvisor is reportedly cutting a quarter of its global workforce as it cuts costs in response to the impact of the coronavirus pandemic.

The review company and OTA is also closing offices in San Francisco and Boston as part of the cost-cutting measures.

Around 600 of the 900 roles being lost at the company are in the US, and most remaining employees are being made to switch to a four-day week for three months from June 1 and take a corresponding 20% pay cut.

"These are the most difficult cost-saving decisions I have ever had to make," wrote chief executive Steve Kaufer in a email to staff, Bloomberg reported. "This is a tough day on many levels, and this pandemic has been nothing short of surreal."

Kaufer said he would forgo his salary for 2020, and predicted the full impact of the pandemic o the business was yet to come.

But he said: "I am confident that our business and the industry will recover."

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking