Skift Take
Was Booking Holdings getting too fat? With operating costs outpacing revenue growth, something had to give. We might not know the exact chess moves for awhile.
Booking Holdings announced Friday that it will make a variety of "organizational changes," including layoffs.
The Connecticut-based company, among the largest in travel, didn't provide specifics on the number of employees who would be affected or the financial impact of the reorganization.
One of the issues is that growth in operating expenses has outpaced revenue growth. It is likely that the company will try to reset priorities in tech investments to stay competitive.
Among the compa