Thousands Of Booking.com Employees Threatened With Layoffs

JAKARTA - The Booking.com service company has the potential to reduce the number of employees or terminate employment (PHK) as part of the corporate reorganization plan.

The online travel company, which is part of Booking Holdings, said it was reevaluating its organizational structure, but it is still in its early stages and there has been no final decision regarding layoffs.

"This move is a difficult proactive measure, but it's important to keep Booking.com competitive in a very dynamic industry, and to allow innovation to focus on customers more quickly," the company said in a statement.

According to an annual report until the end of 2023, Booking Holdings employed about 23,600 people, but the report did not specify the number of employees for Booking.com.

In filing with the United States Securities and Exchange Commission (US) on Friday (8/11/2024), Booking Holdings indicated that it would provide additional details regarding the timing, potential impact on employees, as well as the financial aspects of this reorganization in due course.

The company's spokesperson added that this review only includes Booking.com, excluding other brands under its auspices, such as Priceline, Agoda, Kaya, and OpenTable.

The reorganization move comes just days after Booking Holdings reported an increase in operating costs by 13.6% in the third quarter of 2024.