EXPE Stock Recent News
EXPE LATEST HEADLINES
In the closing of the recent trading day, Expedia (EXPE) stood at $136.84, denoting a +0.33% change from the preceding trading day.
Expedia Group has undergone significant changes in the past decade, including a crisis during the COVID pandemic and a reshaping of the business under CEO Peter Kern. Despite initial market pessimism, Expedia is considered an undervalued and excellent business, making it a good investment opportunity. The company has improved its financial health, reducing long-term debt and increasing cash flows, and has implemented a new business model focused on online platforms and recurring customers.
In the latest trading session, Expedia (EXPE) closed at $135.74, marking a +0.31% move from the previous day.
Expedia Group (EXPE) announces several partnerships to expand its customer base across the Asia-Pacific, North America, Europe and the Middle East regions on the back of its robust solutions.
Expedia (EXPE) concluded the recent trading session at $135.78, signifying a +1.76% move from its prior day's close.
Expedia (NASDAQ: EXPE ) layoffs are a hot topic on Tuesday after the online travel company announced plans to cut 8% of its workforce. These Expedia layoffs will result in 1,5000 of the company's employees losing their jobs.
Last year's roaring success has posed problems for the travel sector, as investors digest the prospect of tough comparisons and slowing demand growth in 2024.
Expedia Group Inc (NASDAQ:EXPE, ETR:E3X1) has unveiled plans to lay off some 1,500 employees as travel demand growth slows. Employees were notified of the cuts on Monday, which are set to affect around 9% of the online travel company's workforce as it looks to “recalibrate resources”.
Expedia Group is planning to cut about 1,500 jobs and reduce the size of its workforce by about 8% as it continues a restructuring effort after undergoing a technical overhaul.
The restructuring comes after Expedia warned earlier this month that revenue would moderate in 2024 as air ticket prices drop and said CEO Peter Kern was stepping down.