{"id":46480,"date":"2024-02-27T09:33:32","date_gmt":"2024-02-27T09:33:32","guid":{"rendered":"https:\/?p=46480"},"modified":"2024-02-27T09:33:32","modified_gmt":"2024-02-27T09:33:32","slug":"expedia-takes-bold-steps-for-growth-slashes-workforce-by-9","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/expedia-takes-bold-steps-for-growth-slashes-workforce-by-9\/","title":{"rendered":"Expedia Takes Bold Steps for Growth, Slashes Workforce by 9%"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Online travel giant <\/span><strong><a href=\"https:\/\/www.stocktargetadvisor.com\/stock\/USA\/NSD\/EXPE\">Expedia (EXPE: NSD<\/a><\/strong><span style=\"font-weight: 400;\"><strong>)<\/strong> announced today that it will be reducing its global workforce by approximately 1,500 employees, representing roughly 9% of its total staff. This move comes as part of the company&#8217;s broader &#8220;organizational and technological transformation&#8221; plan.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">Stock Target Advisor\u2019s Take on Expedia:\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><strong><a href=\"https:\/\/www.stocktargetadvisor.com\/\">Stock Target Advisor<\/a><\/strong> rates EXPE as a &#8220;Hold&#8221;. Moreover, it sets the target price $139.86, anticipating a price change of 3.64% in the next 12 months. A broad analysis of average analyst target prices, however, sets the figure higher, at $153.44 with a consensus rating of &#8220;Buy&#8221;.<\/span><\/p>\n<p><!-- STA Widget BEGIN --><\/p>\n<div>\n<div class=\"sta-analyst-rating-widget-display\">\n<p><a style=\"text-decoration: none; color: #4b6db5 !important;\" href=\"https:\/\/www.stocktargetadvisor.com\/stock\/USA\/NSD\/EXPE\" target=\"_blank\" rel=\"noopener\">EXPE Ratings<\/a> by Stock Target Advisor<\/p>\n<\/div>\n<p><script class=\"analyst-rating\" type=\"text\/javascript\" src=\"https:\/\/www.stocktargetadvisor.com\/assets\/js\/analyst_rating_widget.js\" data-symbol=\"EXPE\" data-theme=\"wt_bg_trans\" data-uid=\"131930820765dda8845690065dda88456902\" data-width=\"700\" >\n\t\t<\/script><\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Out of a total of 16 covering analysts, the average rating given to EXPE is a &#8220;Buy&#8221;, with target prices ranging from $114 to $200. In comparison, the Travel Services sector in the NSD exchange&#8217;s average rating is &#8220;Strong Buy&#8221; although Stock Target Advisor rates the sector as slightly bearish.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">Expedia Group&#8217;s Bold Move for Future Growth:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Expedia Group Inc. has recently announced a significant reduction in its global workforce due to the forecasted waning travel demand until 2024. This cut will comprise 1,500 jobs, which accounts for a notable 9% of its total staff.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, the resignation of CEO Peter Kern is seen as another indication of significant change within the company. It&#8217;s important to note that Expedia Group has expressed a commitment to supporting its impacted employees throughout this transition period. These decisions reflect broader adjustments being made across the travel industry in response to the ongoing pandemic and economic uncertainty.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">Conclusion:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The company has not yet disclosed specific details regarding which departments or regions will be most affected by the layoffs. However, Expedia assures it is committed to supporting impacted employees during this transition.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Online travel giant Expedia (EXPE: NSD) announced today that it will be reducing its global workforce by approximately 1,500 employees, representing roughly 9% of its&#8230;<\/p>\n","protected":false},"author":17,"featured_media":46482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-46480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v21.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Expedia Takes Bold Steps for Growth, Slashes Workforce by 9%<\/title>\n<meta name=\"description\" content=\"Expedia takes bold steps in response to declining travel demand, announcing a 9% workforce reduction. 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