Expedia Group is planning to cut about 1,500 jobs and reduce the size of its workforce by about 8% as it continues a restructuring effort after undergoing a technical overhaul.
The restructuring comes after Expedia warned earlier this month that revenue would moderate in 2024 as air ticket prices drop and said CEO Peter Kern was stepping down.
Online travel platform Expedia said on Monday it was cutting about 1,500 jobs as part of its latest restructuring.
Eric Sheridan, Goldman Sachs, joins 'Closing Bell Overtime' to talk his contrarian picks in tech.

CEO Dumps 20% of Booking Shares

09:30am, Wednesday, 21'st Feb 2024
Investors can learn much by paying attention to the behavior of corporate insiders as they handle positions in their own companies.
Expedia Group Inc. (EXPE, Financial) announced its full-year 2023 results earlier this month, and markets did not take kindly to developments in its earnings, with the stock dropping by 18% the day af
Peter Kern, the outgoing Expedia CEO, says the company is reset for the future and "is in a really strong place." He expects travel growth to be solid and speaks to Bloomberg's Sonali Basak.
Expedia (EXPE) President for Business Ariane Gorin is set to succeed CEO Peter Kern, the transition taking effect on May 13. Expedia CEO Peter Kern joins Yahoo Finance Live to discuss the succession p
Expedia CEO Peter Kern joins 'Squawk on the Street' to discuss the company's latest quarter, his decision to resign after four years, and more.
Expedia Group has continued to see impressive growth in gross bookings and adjusted earnings per share. The stock appears to be trading at an attractive P/E ratio. I continue to take a bullish view on
Expedia shares closed down 18% on Friday, their biggest single-day drop in nearly four years, after the online travel firm said it expected 2024 revenue growth rates to moderate.
Joe Terranova, senior managing director at Virtus Investment Partners, joins CNBC's 'Halftime Report' to explain what he's doing with Expedia.
Expedia Group Inc.'s stock on Friday headed for its lowest in nearly three months after Wall Street cast doubt on the online travel company's immediate future amid a surprise CEO change.
Expedia's (EXPE) fourth-quarter 2023 results reflect strength across the B2B business and lodging offerings.

Why Expedia Stock Dropped Like a Rock Today

12:39pm, Friday, 09'th Feb 2024
Expedia just finished a record year in 2023, and it expects more record results in 2024. The stock is dropping because investors don't like the uncertainty of changing CEOs.
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