Expedia Group, an online travel company that provides hotel reservations, airline tickets, and vacation packages has said that it has raised $3.2 billion in fresh capital to boost its liquidity, in an effort to ride out a coronavirus-driven collapse in travel demand. Also, the company named its new CEO Peter Kern, who was earlier holding…
Online travel giant Expedia Group is cutting 12% of its workforce or about 3,000 jobs, after a “disappointing” 2019, the company said. Recently, Expedia Group’s leadership sent an email to its employees globally saying that it plans “to reduce and eliminate certain projects, activities, teams, and roles to streamline and focus our organization.” In the…
Expedia Group has announced the resignation of Mark Okerstrom as CEO and a member of the Board of Directors and CFO Alan Pickerill, effective immediately. Barry Diller, Chairman of the Board, and Vice Chairman Peter Kern, Director of Expedia, will oversee the company’s executive leadership team, managing day-to-day operations, while the Board determines the long-term…