The company already laid off 200 employees earlier this year and its CEO said he would forego his salary.
TripAdvisor is expected to lay off more workers as the coronavirus pandemic continues to stall travel.CEO Steve Kaufer previously announced he would forego his salary for the rest of the year.Geovien So | SOPA Images | LightRocket via Getty Imagesis reportedly laying off more staff as the coronavirus pandemic continues to take a toll on the travel industry.
It's the latest indication of how the crisis is changing habits and impacting the workforce. It's unclear what the scope of the layoffs will be, but travel trade publicationreported that they would affect 25% of TripAdvisor's global workforce, including 600 U.S. employees. The total layoffs could be around 1,000, Skift reported, citing sources. The company has about 4,200 employees according to corporate filings.
A TripAdvisor spokesperson would not confirm the report, but said an announcement is coming from the company around noon Eastern.. Those cuts represented about 5% of TripAdvisor's workforce at the time and mostly affected its experiences division, which works on travel activity offerings.. Kaufer made nearly $800,000 in base pay in 2018 plus incentive-based compensation that brought his pay close to $2 million, according to the company's most recently available financial statements.
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