Mumbai: In the wake of Coronavirus having crippled the travel industry, reputed Online travel booking agency Expedia plans laying-off 3,000 employees globally.

The layoffs will kick-start from Singapore and Hong Kong, where the staff will get redundancy notices commencing this week. The company has around 100 employees in Hong Kong and 343 in Singapore.

According to the Chairman of Expedia, Barry Diller, over the last few years, Expedia has been chasing growth in the intensely competitive travel sector by adding employees and layers of complexity until frankly very few people could figure out what the hell they were supposed to do during the day.

The company has stopped several projects, and is cut-shorting its workforce by 12 per cent and subsequently reducing the number of vendors due to its poor financial performance last year. Its revenue growth was only 7.5 per cent.

News Edit by K.V.Raman

Third party Image from Google