The online travel agent Expedia is about to cut around 1.500 jobs. Around nine percent of the global workforce will have to leave the company, a company spokesperson confirmed a Bloomberg report. The company, which has been led by Peter Kern since 2000, will soon have a new managing director, Ariane Gorin. Kern will join the board of directors as deputy chairman. Before that, however, a so-called "restructuring" will be carried out. This will also affect the workforce, as around 1.500 employees are set to lose their jobs. Expedia is an online travel agency that specializes in arranging airline tickets, hotel rooms, package holidays and cruises. The company now wants to reposition itself. A spokesperson says that the impending job cuts, which affect various locations, must be carried out due to an "organizational and technological restructuring". The group currently appears to be experiencing declining revenues in its core business. For example, at the beginning of February 2024, it was pointed out that there had been a decline in revenue in the area of airline ticket brokerage. This is attributed to the fact that ticket prices have fallen significantly in some markets. At the same time, there is strong competition in this segment from other providers, but also from the airline's direct sales. The upcoming restructuring, which is expected to cost around 1.500 Expedia employees their jobs worldwide, will not be cheap. According to the company, the company is spending around 80 to 100 million US dollars on it. The majority of this sum is likely to go towards modernizing the technology behind the booking platform.