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Booking Holdings to cut up to 25% workforce as pandemic cripples travel

Credit: REUTERS/PASCAL ROSSIGNOL

August 04, 2020 — 08:39 am EDT

Written by Rachit Vats for Reuters ->

Aug 4 (Reuters) - Bookings Holdings Inc BKNG.O said on Tuesday it plans to cut up to 25% of its workforce globally as it struggles to reduce costs amidst the coronavirus outbreak that has halted global travel.

(Reporting by Rachit Vats in Bengaluru; Editing by Vinay Dwivedi)

((Rachit.Vats@tr.com; within U.S. +1 646 223 8780, outside U.S. +91 80 61822828; Reuters Messaging: rachit.vats.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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