Expedia Group is restructuring its product, technology and finance teams, and is laying off approximately 3% of its workforce.
Most of the job cuts will come in the product and technology teams, according to a source close to the company.
This follows a restructuring of Expedia Group's marketing team in early March.
There aren't any leadership changes among the affected teams: The job cuts target mostly mid-level employees. Impacted employees — both those leaving the company or moving to new teams — will be informed by Thursday, the source said.
Expedia Group confirmed the moves in a statement. "As part of a broader effort to strengthen our business and position the company for long-term growth, we are restructuring parts of our organization," Expedia Group said. "These are difficult but necessary decisions to ensure we sharpen our focus on strategic priorities and remain well-positioned to deliver for customers and partners."
Although the company will be making job cuts to increase efficiency and reduce duplication, Expedia will also be hiring with the goal of inserting the right people into appropriate roles to position the company for long-term growth, the source said.
"These are difficult decisions, but ones the company believes are necessary to set it up for sustained success," Expedia Group stated.
There has been no statement about any economic impact from the restructuring. Expedia Group is slated to report first quarter results on May 8.
Despite difficulties in 2023 and early 2024 following completion of a tech migration, core Expedia brands Hotels.com and Vrbo both posted bookings growth in the fourth quarter of 2024. The Expedia brand experienced room night growth in a mid-teens percentage.
This week's Expedia Group reorganization under CEO Ariane Gorin is different in many respects from a massive reorganization that began in 2020 under former CEO Peter Kern. Under that restructuring, Expedia cut around 30% of its workforce, closed 100 offices, and several department heads left the company, among other changes.
One goal of both reorganizations, however, was to reduce duplicative roles, and to enhance Expedia's ability to accelerate growth. In 2024, Expedia Group's revenue grew 7%.
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