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The following is the [Travel News]: Tripadvisor lays off 25% of global workforce, closes some offices from [Skift] recommended by TheTourAttraction.com:
More than 900 employees will be laid off and business units been reorganized.
Tripadvisor CEO Steve Kaufer informed employees Tuesday morning in a town hall meeting that the company is reducing its global workforce by 25 percent, including 600 U.S. employees as part of a broader restructuring, Skift has learned.
The number of global layoffs was more than 900, including the U.S. job cuts, Tripadvisor confirmed.
Tripadvisor had nearly 4,200 global employees at the end of 2019 but had already done a round of layoffs of some 200 employees in January.
As part of the restructuring, Tripadvisor is closing offices in downtown Boston and San Francisco, and most likely other office globally. The company is headquartered in Needham, Massachusetts, and has 52 offices.
Most remaining employees are subject to 4-day work weeks, and a 20 percent pay cut.
“Tripadvisor firmly believes these measures are necessary and proportionate to the reality we face as a business and as an industry,” the company said in a statement.
Reorganization
The reorganization Kaufer announced includes shuttering and consolidating some brands, as well as management changes.
The Tripadvisor flights, car, and cruise teams will now be grouped under the business-to-consumer team and will be the responsibility of Lindsay Nelson, chief experience and brand officer.
Cruise Critic, which runs as an independent business, now comes under the purview of Chief Financial Officer Ernst Teunissen.
Tripadvisor is discontinuing its SmarterTravel business unit, and will determine which brands will survive under Nelson’s leadership.
Chief Commercial Officer Kanika Soni takes on additional responsibilities, including guiding a unified advertising sales team.
Soni heads a merger of Tripadvisor’s business-to-business restaurants and accommodations teams.