Even Booking.com, like many other giants of the tourism sector, is forced to downsize its staff. The group's managing director, Glenn Fogel, has just announced that around 25% of jobs will lose their jobs: an estimated 4,000-4,300 people. In recent months, Airbnb and Tripadvisor have carried out operations of similar proportions, to adequately deal with the contraction of the entire sector expected for the medium term.
The specific details of who will be fired will be disclosed around September – around October in the case of the Netherlands, for regulatory issues and negotiations with internal workers' representatives. The Netherlands will be the most affected nation, given that this is where the company has its headquarters and the bulk of its employees.
Booking.com had received a first round of government funding on the condition that it would not lay off anyone, but was forced to decline the second. It should be noted that Booking.com is part of Booking Holdings, which is based in the United States and controls other brands such as Kayak, OpenTable and Agoda. All in all, these brands have already fired around 1,900 people.
Due to the COVID-19 pandemic, and the extensive travel restrictions it has generated, the tourism sector is experiencing what according to many protagonists is the most serious crisis of the last period. Some signs of recovery are starting to appear – we are flying again, at least in Europe, but with less intensity – but it will still be a long time before we get back to pre-coronavirus levels. By contrast, tech companies operating in the streaming and cloud sector – for example Netflix, Microsoft, Apple and Samsung – are doing great '
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