Booking Holdings plans job cuts as part of reorganisation

Booking Holdings is planning organisational changes and job cuts as part of a raft of measures aimed at freeing up resources and improving its operating expenses budget.

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The online travel company said in a statement on Nov 8 that it will be "modernising processes and systems", pursuing real estate savings and "optimising" its procurement processes on top of reducing its workforce.

"We believe these efforts will improve operating expense efficiency, increase organisational agility, free up resources that can be reinvested into further improving our offering to both travellers and partners," said the parent company of almost a dozen travel brands including Kayak and Priceline.

It is the second time in four years that the company is resizing its workforce.