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Booking to Cut Thousands of Workers After Covid-19 Travel Hit

Aug. 4, 2020, 9:30 AM

Booking Holdings Inc. is the latest online travel giant to eliminate thousands of jobs after the coronavirus pandemic hammered the industry.

As much as 25% of employees at Booking.com, the company’s biggest business, will be cut, the company said in a statement Tuesday. That’s about 4,000 workers. The reductions will be implemented globally.

Chief Executive Officer Glenn Fogel discussed the move during a video call with workers, saying the past five months represented “the largest social and economic crisis of our lifetime.”

The pandemic has hit Booking’s business hard and the wider travel industry remains under “significant pressure,” the CEO ...