Expedia (EXPE) to Cut 1,500 Staff

On February 22, 2024, Expedia (NASDAQ: EXPE) committed to restructuring actions to recalibrate resources in light of the Company’s organizational and technological transformation. Subject to compliance with local consultation obligations where applicable, the restructuring actions are expected to result in a workforce reduction impacting approximately 1,500 employees and the communication of such actions to a portion of affected employees was commenced on February 26, 2024. Total pre-tax charges and cash expenditures associated with the restructuring actions, all of which are expected to be recorded in 2024, are expected to be $80 million to $100 million, and are predominately employee severance and compensation benefits costs.

This Current Report on Form 8-K contains forward-looking statements relating to the Company’s restructuring actions. These statements are subject to risks and uncertainties and are not guarantees of future performance. Many factors could cause actual results to differ materially from those expressed or implied by such statements. The “Risk Factors” section of our most recent Annual Report on Form 10-K, as well as our subsequent Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission also describe important factors that could cause the Company’s actual results to differ materially from those stated or implied in the Company’s forward-looking statements. All forward-looking statements are based on management’s current estimates, projections and assumptions, and except as required by law, the Company assumes no obligation to update them.

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