Seattle-based travel giant Expedia Group Inc. (Nasdaq: EXPE) has laid off employees for the second time this year.
A company spokesperson confirmed the layoffs on Friday with the Business Journal but declined to say how many employees lost their jobs or what roles were impacted.
"We are committed to delivering great travel experiences for our customers as demand remains high," the Expedia spokesperson said in a statement to the Business Journal. "As we align operations to our business transformation, this has resulted in the elimination of some roles. We remain confident in our strategy and value the contribution of all our employees."
The layoffs come after a profitable second quarter for Expedia, during which it generated $3.4 billion in revenue, a 6% year-over-year increase, and $385 million in net income.
In the first quarter, Expedia generated $2.7 billion in revenue, an 18% year-over-year increase and its highest-ever first-quarter revenue. The company laid off fewer than 100 employees in March.
Expedia said in a filing with the Securities and Exchange Commission that it had 16,500 employees at the end of last year. The company has more than 4,800 employees in the state of Washington, according to Business Journal research.
Expedia offers travel search and booking through its website as well as through its other brands, such as Vrbo and Orbitz. In early 2020, the company started moving employees from Bellevue to its new Interbay campus, which cost about $900 million to develop, right before the Covid-19 pandemic hit and put the plans on hold. In April 2022, Expedia officially started bringing employees back to its headquarters, which has roughly 1 million square feet of office space.
The company laid off 3,500 employees in February 2020. The company in 2021 looked to declutter its operations through a rebrand, simplified customer experience and more defined business lines. Expedia's new corporate structure has four departments: Expedia Services, Expedia Brands, Expedia Marketplace and Expedia for Business.
"We’ve changed how we’re organized. The brands used to operate separately. Now they’re one brand. The technology used to be in different stacks and different groups. Now it’s one technology and one product," Expedia CEO Peter Kern previously told the Business Journal. "It’s a much simpler organization."
